5 ETFs to Profit From Solid Q2 GDP Growth
The world's biggest economy's growth accelerated in the second quarter, primarily driven by solid consumer spending and higher business investment despite high interest rates.
The world's biggest economy's growth accelerated in the second quarter, primarily driven by solid consumer spending and higher business investment despite high interest rates.
Overall U.S. inflation cooled as expected in June, adding to expectations that the U.S. Federal Reserve will start cutting interest rates in September. According...
- The U.S. dollar steadied in early European trade Friday ahead of the release of key inflation data, the euro edged higher while the Japanese yen slipped slightly...
-- Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan logging wild swings amid suspected intervention by the People’s Bank, while the...
-- Gold prices rose in Asian trade on Friday but were nursing steep losses through the week as traders remained largely biased towards the dollar before more cues on interest rates in the coming days.
-- Consumer price index inflation in Japan’s capital showed limited signs of growth in July, offering up mixed signs on price growth ahead of a Bank of Japan meeting...
According to BlockBeats, the CME's 'FedWatch' tool indicates a 93.3% probability that the Federal Reserve will keep interest rates unchanged in August, with a 6.7% chance of a 25 basis point rate cut.Looking ahead to September, the likelihood of the Fed maintaining the current interest rates drops to 0%. There is an 88.6% probability of a cumulative 25 basis point rate cut, an 11% chance of a cumulative 50 basis point rate cut, and a 0.3% probability of a cumulative 75 basis point rate cut.
Grayscale must await final regulatory signoff on its registration filing before listing the fund
The two Republican senators claimed that if their party wins control of the Senate, they will stop the SEC’s “regulation by enforcement.”
US Senator Lummis recently authored a report highlighting the benefit of the Bitcoin mining industry and denouncing Biden’s proposed 30% tax.