Introduction The Role of the Federal Reserve Mark Connors, director of research at digital asset-management company 3iQ, explains that both assets rallied due to optimism surrounding the Federal Reserve's monetary policy. Many investors believe that the Fed is nearing the end of its rate hike cycle and could potentially start cutting its key policy rate as early as March next … [Read more...] about Bitcoin and Gold Rally on Fed Rate Cuts
Federal Reserve
U.S. Economy Faces Cooling Inflation as PCE Report Looms
The U.S. economy seems to be experiencing a slight cool-down, and Federal Reserve officials are expecting inflation to follow suit. The upcoming October PCE inflation report, set to be released on Thursday morning, will serve as a significant indicator. According to economists surveyed by The Wall Street Journal, the core rate of PCE inflation is predicted to see a modest 0.2% … [Read more...] about U.S. Economy Faces Cooling Inflation as PCE Report Looms
Consumer Companies Optimistic as Fed Shows Less Hawkish Stance
Consumer companies are seeing a rise in confidence as hopes grow that the Federal Reserve will adopt a less hawkish stance in its upcoming policy statement. This positive sentiment is reflected in the S&P CoreLogic Case-Shiller National Home Price Index, which saw home prices across the nation increase by 2.6% in August compared to the previous year. This represents a … [Read more...] about Consumer Companies Optimistic as Fed Shows Less Hawkish Stance
Disinflation Trend Persists, New Measures of Inflation Show
The latest gross domestic product report, released on Thursday, highlighted two new measures of inflation that support the continuation of the disinflation trend. The Commerce Department, in response to user requests, broke down the price indexes for Personal Consumption Expenditures (PCE) excluding food, energy, and housing, as well as PCE services excluding energy and … [Read more...] about Disinflation Trend Persists, New Measures of Inflation Show
Y2K Fashion and a Familiar Tech Rally
Y2K fashion is making a comeback with wide-leg denim, velour tracksuits, and butterfly hair clips. But alongside this nostalgic fashion trend, there seems to be a disturbing parallel in the tech market. Out of all the major indexes, the Nasdaq Composite, known for its heavy focus on technology companies, has experienced the most significant rally in 2023. It has soared over 25% … [Read more...] about Y2K Fashion and a Familiar Tech Rally
