Markets on Edge Ahead of Jackson Hole Amid Bessent's Moves
Investors are cautious ahead of the Jackson Hole meeting, with Bessent's market intervention increasing pressure on Warsh and impacting dollar and bond markets.
Investors are cautious ahead of the Jackson Hole meeting, with Bessent's market intervention increasing pressure on Warsh and impacting dollar and bond markets.
US stock futures remain stable as investors analyze the latest inflation figures and anticipate earnings results from Nvidia Corp.
Barclays strategists foresee new highs for the S&P 500 this year, but caution about increasing macroeconomic volatility and AI-related capital concerns.
A cryptocurrency executive is contesting extradition to the US on fraud charges, potentially influencing global crypto enforcement and investor strategies.
Coinbase and Better Home & Finance are introducing Bitcoin-backed mortgages in the US, potentially enhancing crypto adoption and market perceptions.
The July 2026 PCE inflation report reveals headline inflation exceeded forecasts while core inflation met expectations, indicating mixed economic signals.
The US Core PCE index rose 0.2% in July, signaling persistent inflation. Stagnant consumer spending may prompt the Fed to adjust interest rates.
Uzbekistan's central bank is seeking advice from Goldman Sachs and BlackRock to improve its reserves, aiming for enhanced financial stability and integration.
The U.S. has imposed sanctions on an Iranian tanker and a Hong Kong shipper, while Chinese banks remain unaffected despite buying 80% of Iran's oil exports.
Persistent PCE inflation is causing divisions within the Federal Reserve as it prepares for the upcoming Jackson Hole retreat, impacting policy discussions.
The core PCE price index rose 0.2% in July, with inflation-adjusted consumer spending remaining flat, indicating potential economic concerns ahead.
US oil prices have fallen below $80 per barrel, marking the first decline below this threshold since August 10, 2023. Market implications are being assessed.
Vanguard's S&P 500 ETF boasts a lower expense ratio of 0.03%, outperforming State Street's SPDR S&P 500 ETF at 0.09%.
US inflation data for July shows persistent high levels, while the second-quarter GDP growth remains unchanged at 1.5%, indicating economic stability.
Core PCE inflation in July remains above the Fed's 2% target, suggesting the central bank may keep interest rates elevated and delay rate cuts.
Revolut has launched its new stablecoin, EURR, which is pegged to the euro, expanding its offerings in the cryptocurrency market.
US equity futures fluctuate and Treasuries decline as markets await Nvidia's earnings report and July's PCE inflation data, key for the Fed's outlook.
U.S. inflation increased in July, remaining above the Fed's target, which may prompt a potential interest rate hike in the upcoming meeting.
Bernstein forecasts Bitcoin may reach $125,000 by late 2026, with potential for $300,000 in 2029 and a bull case of $500,000.
XRP is experiencing its strongest monthly gain in over a year, rebounding to $1.40 amid significant ETF inflows and whale repositioning, despite recent