Cryptocurrencies News

Fed’s key inflation gauge aligns with expectations. PCE index rose 2.5% YoY in June, hinting at potential September rate cut. Market outlook cautiously optimistic.

GDP growth and labor market show resilience. Mixed durable goods and rising jobless claims average require ongoing scrutiny.

Unexpected strength in permits and starts, plus surging completions, show housing market resilience despite high interest rates

June’s stable retail sales and strong e-commerce and food service performance hint at a cautiously bullish outlook for consumer-related stocks.

The steady decline in Empire State business activity, continued job contraction, and modest price increases suggest a bearish short-term outlook.

PPI rise signals persistent inflation, potentially delaying Fed rate cuts as policymakers maintain caution in the near-term economic climate.

Inflation Rate Declines in June The monthly inflation rate in the United States dipped in June, offering the Federal Reserve more room to potentially lower interest rates later this year. The consumer price index (CPI), a key indicator of the costs of goods and services, decreased by 0.1% from May.

Powell’s testimony may leave markets in a holding pattern, stressing patience in monetary policy as the Fed seeks more economic data to guide choices.

Private payroll growth slows to 150,000 jobs in June, down from 157,000 in May, indicating a cooling labor market.

Ethereum price reclaimed the $3,400 level on June 29, as Bloomberg analysts highlight the possible launch date for ETH spot ETFs next week

Crypto’s political stance solidifies with Donald Trump emerging as the favored candidate, signaling a unified front against regulatory challenges in the US.

Core PCE eased from 2.8% in April to 2.6% in May, indicating progress in inflation control, but still above the Fed’s 2% target.

Q1 GDP growth slows to 1.4%, unemployment claims drop but insured unemployment rises, durable goods orders increase for fourth straight month.

The dip in consumer confidence, especially in future expectations, suggests a cautious outlook for the market.

It has been a week to forget for the crypto market, with BTC dropping below $64,000, but the launch of ETH-spot ETFs could change the mood.

Unemployment claims drop, suggesting a stronger labor market, but manufacturing and price challenges persist.

The global crypto market capitalization grew by $22 billion (+0.83%) on June 15, while Ethereum ETFs, MicroStrategy and Paradigm investment grabbed major bullish news headlines. 

The crypto market had a tumultuous week, with Fed jitters, SEC vs. Ripple court filings, and US BTC-spot ETF market outflows testing buyer demand.

While May’s flat CPI report offers some hope, the year-over-year picture remains concerning.

The PBOC’s pause in gold purchases and global trends suggest a significant shift by China into Bitcoin and cryptocurrencies may be on the horizon.