Grayscale's head of research, Zach Pandl, suggests Bitcoin's price may have bottomed earlier than the traditional four-year cycle, driven by macroeconomic factors like Federal Reserve interest rate decisions. Other analysts offer differing views on the timing of a market bottom.
A Reserve Bank of Australia (RBA) survey indicates that while Australians understand personal economic issues, most incorrectly believe higher interest rates lead to higher inflation. The RBA emphasizes the importance of explaining complex economic concepts to the public to foster trust and manage inflation expectations.
Fed officials removed their rate cut outlook for this year, indicating a hike is possible. Member Warsh declined to submit his forecast for the "dot plot," criticizing the tool and signaling a review of Fed communication. Projections now show a median fed funds rate of 3.8% by year-end 2026.
The Federal Reserve kept interest rates unchanged, citing rising inflation and energy costs. This decision offers little relief to consumers facing affordability challenges, with experts suggesting potential rate hikes instead of cuts.
Bitcoin (BTC) dropped below $65,000 as the market awaited the US Federal Reserve's interest rate decision, with analysts warning of potential bearish moves and targeting $55,000 as a possible next level.
BIST 100 index closed flat, with a total trading volume of 151.5 billion lira, ahead of the TCMB interest rate decision. Global markets showed a negative trend due to Middle East developments and US inflation data.
The Reserve Bank of India's upcoming interest rate decision is highly anticipated, with four potential scenarios ranging from a hold with hawkish guidance to a 50 bps hike, each carrying significant implications for the Indian Rupee, bonds, and equities.
The Reserve Bank of India faces a critical interest rate decision this week due to Middle East energy shocks, a weakening rupee, and poor monsoon season. These factors threaten growth and inflation, while debt markets tighten. Economists are divided on whether the RBI will hold rates steady or hike them.
The Reserve Bank of India faces a tough interest rate decision due to energy shocks, currency depreciation, and weak monsoons threatening growth and inflation. Markets anticipate a prolonged period of monetary tightening.
The Reserve Bank of India faces a tough interest rate decision due to energy shocks, currency depreciation, and weak monsoons threatening growth and inflation. Markets anticipate a prolonged period of monetary tightening.
Global investors are weighing inflation pressures and geopolitical risks against the US dollar's liquidity and lack of alternatives for capital flows. Japan reduced its Treasury holdings in March, while the UK increased theirs.
The Federal Reserve held interest rates steady at 3.5%-3.75% in what may be Chair Jerome Powell's final meeting before Kevin Warsh takes over. Inflation has surged since the Iran war began, limiting policymakers' room to act. Credit card rates remain near 20%, while mortgage rates hit 6.38% and auto loan payments reached a record $773 monthly.
UK exports to Middle East fell 20% year-on-year in March, with certificates of origin dropping from 15,437 to 12,360. The British Chambers of Commerce reports firms face less reliable trade routes, rising costs and geopolitical risks, with the Strait of Hormuz badly disrupted. The CBI also shows UK companies increasingly pessimistic about the economic outlook.
UK employment growth slowed significantly with only 24,000 jobs added in the three months to February, below population growth. Payrolls contracted in February and fell by 11,000 in March, while vacancies continued to decline. Economists now forecast unemployment will rise to around 5.5% this year, potentially reaching 6% if energy prices spike further. The weak labour market, combined with the Middle East conflict driving up energy costs and business uncertainty, has complicated the Bank of England's interest rate decisions.
