CPI inflation report resets timing of Fed interest rate cuts
Stocks got a big boost from a softer-than-expected April inflation report, which showed slowing price pressures across the board.
Stocks got a big boost from a softer-than-expected April inflation report, which showed slowing price pressures across the board.
The benchmark 10-year U.S. Treasury yield dropped to its lowest in a month on Wednesday ahead of the release of closely watched U.S. inflation data. The 10-year Treasury yield dropped to as low as 4.418%, its lowest since April 10, and was last down 2 basis points at 4.424%. U.S. consumer price data is due at 1230 GMT and will drive near-term Federal Reserve policy, and hence Treasuries.
On Monday, UBS adjusted its stance on the Swedish Krona (SEK), adopting a moderately bearish outlook following the Riksbank's recent decision to lower interest rates. The bank has...
-- Most Asian currencies rose slightly on Wednesday, retaking some ground against a weaker dollar as markets awaited more cues on interest rates from key U.S....
Neither then-Democratic candidate Joe Biden nor President Donald Trump discussed digital assets or blockchain when they last faced off on the debate stage in 2020.
Oklahoma Governor Kevin Stitt enacted a law on May 13 that creates a legal framework for blockchain and safeguards miners’ activities.
The former FTX Digital Markets co-CEO pleaded guilty to two felonies and was one of the only figures connected with the defunct crypto exchange who didn’t testify at SBF’s trial.
U.S. officials alleged the individuals engaged in a “first-of-its-kind manipulation of the Ethereum blockchain” by tampering with its protocols over validating transactions.
Donald Trump’s stance on crypto has shifted from anti-Bitcoin to now being a pro-crypto presidential candidate.
A UN report reveals North Korean hackers laundered $150 million in stolen crypto assets through Tornado Cash in March 2024.