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Kripto Bitcoin Hits $85,500 as High Bond Yields Erase Gains
A slowdown in August U.S. PCE inflation lifted risk appetite, but elevated bond yields dampened the initial rally in crypto markets.
Finans Rate-Hike Bets Rise Ahead of the Fed’s Key PCE Inflation Data
Expectations are building that Thursday's U.S. personal consumption expenditures index will show persistent price pressures and solid consumer spending.
Finans Markets Price in a September Fed Hike After Warsh's Jackson Hole Speech
After the Jackson Hole speech, expectations for a rate hike at the Fed’s Sept. 15-16 meeting rose sharply, though there is no consensus on the data path ahead.
Finans Affirm Beats Forecasts as Inflation Worries Cloud Outlook
The BNPL company posted stronger-than-expected quarterly results, but CEO Max Levchin said high fuel prices are squeezing U.S. consumers.
Finans Fed's Hammack Urges Immediate Action on Rates
Cleveland Fed President Beth Hammack said annualized inflation near 3% justifies further tightening.