Market Analysis

Bitcoin Briefly Tops $93,000 on Trump Agenda, Fed Policy Outlook
  • November 14, 2024

Bitcoin Briefly Tops $93,000 on Trump Agenda, Fed Policy Outlook

(Bloomberg) -- Bitcoin spiked above $93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsNYC Conges

Read More
Top Federal Reserve official defends central bank's independence in wake of Trump win
  • November 14, 2024

Top Federal Reserve official defends central bank's independence in wake of Trump win

A Federal Reserve official gave a lengthy defense of the central bank's political independence Thursday, just days after former President Donald Trump, an outspoken Fed critic, won re-election. “It has been widely recognized — and is a finding of economic research — that central bank independence is fundamental to achieving good policy and good economic outcomes,” Adriana Kugler, one of the seven members of the Fed's governing board, said in prepared remarks for an economic conference in Montevideo, Uruguay. Kugler added that the research in particular finds that greater independence for central banks in advanced economies is related to lower inflation.

Read More
Morning bid: A twist in the U.S.'s inflation tale?
  • November 14, 2024

Morning bid: A twist in the U.S.'s inflation tale?

The dollar is forging ahead again, heading for its biggest week-on-week gain since September last year, up 2.37% since last Thursday, while Wall Street looks set to open modestly higher thanks to what for now looks like win-win inflation numbers. Wednesday's data showed consumer price pressures remain stubbornly above the Federal Reserve's target rate of 2%. At the same time, the dollar has surged to a one-year high against a basket of currencies on the 'best-of-both worlds' premise that U.S. growth will benefit from a looser fiscal regime, even as inflation rises.

Read More
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
  • November 14, 2024

Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says

(Bloomberg) -- Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion

Read More
Are Tariffs Always Inflationary?
  • November 14, 2024

Are Tariffs Always Inflationary?

As reported yesterday, October inflation rose 0.2% from a month ago, the same monthly pace as July, August, and September as inflation is finding its balance.  Despite the fairly steady monthly pace...

Read More