Today’s inflation numbers are likely to reinforce the idea that the Fed may pause any rate cuts in November, but offsetting the disappointing CPI might be some weak employment data. Initial jobless claims – which had pretty much flatlined at very low levels for many weeks – shot higher to 258,000 last week from 225,000 previously and versus forecasts for 230,000. It’s unclear, though, how much the aftermath of Hurricane Helene might have affected the data.
Key TakeawaysA wallet tied to Arthur Hayes deposited 115,453 HYPE worth $6.33M into Bybit on May 23.The same wallet withdrew...
Key Takeaways:With former Fed governor Kevin Warsh now on board to be the next Fed Chairman, there is fresh speculation...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Over the past week, Bitcoin has traded...
Key TakeawaysSix Chinese suspects fled to China by May 20, triggering an Interpol hunt by Windhoek High Court.The Raylon Investments...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is facing a critical test above...
