Written by TradingKey
Written by TradingKey
Coinbase (COIN), the largest U.S.-based crypto exchange, has soared more than 38% over the past month, breaking its previous all-time high set in November 2021.
U.S. May PCE Preview: Tariff Inflation Effects Continue to Delay – Can the U.S. Market Ignore the Report?On Friday, June 27, the U.S. will release Personal Consumption Expenditures (PCE) price index for May, widely regarded as the Federal Reserve’s preferred inflation gauge and a key reference for FOMC officials in assessing inflation trends and shaping monetary policy decisions.
On Friday, June 27, the U.S. will release Personal Consumption Expenditures (PCE) price index for May, widely regarded as the Federal Reserve’s preferred inflation gauge and a key reference for FOMC officials in assessing inflation trends and shaping monetary policy decisions.
Data released on Tuesday by the Conference Board showed that the U.S. consumer confidence index fell to 93 in June , a decline of 5.4 points from May , and below market expectations.
Federal Reserve Divisions Exposed as Powell Called to Keep Federal Funds Rate Unchanged, While Waller and Bowman Back July Rate CutOn Monday, Federal Reserve Vice Chair for Supervision Michelle Bowman delivered a dovish message, citing potential risks in the labor market and expressing support for a rate cut as early as July if inflation remains under control.
On Monday, Federal Reserve Vice Chair for Supervision Michelle Bowman delivered a dovish message, citing potential risks in the labor market and expressing support for a rate cut as early as July if inflation remains under control.
Last week, Federal Reserve maintained its expectation of two interest rate cuts this year, but indicated that the impact of tariff issues has yet to materialize.