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More weakening: Real (inflation-adjusted) Income and spending was negative in April. The PCE price index remained flat at 0.3 percent for the month and 2.7 percent for the year. chart Personal Income and Outlays, April 2024 The BEA’s Personal Income and Outlays report for April shows no further progress on the inflation front and weakening consumer ...
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U.S. President Joe Biden on Friday vetoed a congressional disapproval of the U.S. Securities and Exchange Commission's accounting bulletin on crypto assets. "By virtue of invoking the Congressional Review Act, this Republican-led resolution would inappropriately constrain the SEC's ability to set forth appropriate guardrails and address future issues," ...
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The impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin's chart as in previous days. The subwaves [1]-[2]-[3]-[4] have formed for now. The first subwave (1) may be developing as part of wave [5]. Correction 4 is presumably completed as part of impulse (1), and the price is now growing in subwave 5, probably to 74,911.17. Trading plan ...