Crypto News
-
Tornado Cash developer Alexey Pertsev has been found guilty of money laundering by a Dutch judge ruled at s-Hertogenbosch court on Tuesday. Pertsev has been given 64 months of prison time by the court. An indictment shared ahead of the trial said that between July 9, 2019 and Aug. 10, 2022, Pertsev made "a habit of committing money laundering" and that he ...
-
The stablecoin space is growing increasingly contentious as the chief executives of Tether and Ripple traded accusations and allegations that the U.S. government is coming for them. Brad Garlinghouse, the CEO of stablecoin issuer Ripple, kicked off the latest round of hostilities on May 10 when he told Chris Vasquez of the World Class podcast that after the ...
-
When the yield curve flattens and eventually inverts, you worry. But it’s when a recession hits, the Fed cuts rates and the curve steepens that you become s**t scared. Yield curve dynamics represent a crucial macro variable, as they inform us on today’s borrowing conditions and on the market future expectations for growth and inflation. An inverted yield ...
-
The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 percent in March and advanced 0.6 percent in February. (See table A.) On an unadjusted basis, the index for final demand moved up 2.2 percent for the 12 months ended in April, the ...
-
post: Powell: the Policy Rate is Restrictive Powell: Time Will Tell if We’re Sufficiently Restrictive on Policy Powell: Don’t Think Likely Next Move Would Be a Rate Hike post: Powell: Restrictive Policy May Take Longer Than Expected to Bring Inflation Down Powell: We Will Get Inflation Down to 2% post: Powell: Housing Inflation Has Been a Bit of a Puzzle Powell: Current Rent Increases Have Been Low for Some Time, Not Showing Up in Rollover Leases post: Powell: Lags Between Decline in Mkt Rates and It Showing Up Are Longer Than We Though Powell: It Should Show Up, Just a Question of When post: Powell on the April PPI: "I wouldn’t call it hot. I would call it sort of mixed." (The main readthroughs to PCE from the PPI likely offset as lower airfares and health care costs likely offset the hotter financial services subcomponent.)
-
Federal Reserve Chair Jerome Powell speaks Tuesday to the Foreign Bankers' Association in Amsterdam.
-
Federal Reserve Chair Jerome Powell speaks Tuesday to the Foreign Bankers' Association in Amsterdam.
-
A pair of economic reports this week will show whether inflation is holding strong, receding somewhat or even perhaps increasing as 2024 progresses. First up will be the producer ...
-
CPI for April will be released on Wednesday. The consensus is for 0.3% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.6% YoY). Here are a couple of analyst's ...
-
The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 ...
-
post: Fed’s Powell: US Economy Has Been Performing Very Well Fed’s Powell: US Economy Has a Very Strong Labor Mkt Fed’s Powell: Households Are in Good Shape Financially post: Powell: Overall a Good Picture Looking at US Economic Data So Far Fed’s Powell: Labor Mkt is Coming Back Into Better Balance Powell: Labor Mkt Moving Back Into Better Balance post: Powell: Signs of Gradual Cooling in the Labor Mkt with Supply and Demand Getting Into Better Balance Powell: Inflation in Q1 Was Notable for the Lack of Further Progress Powell: We Did Not Expect a Smooth Road on Inflation, We Have to Be Patient and Let Policy Do Its Work post: Fed’s Powell: We Expect Continued GDP Growth 2% or Better Powell: We Expect the Labor Mkt to Continue to Rebalance but Remain Strong Fed’s Powell: Expect Inflation Will Move Back Down Powell: Expect Inflation to Move Down Back to Levels More Like Last Year post: Fed's Powell: my confidence in inflation moving back down is lower than it was.
-
post: BOE'S PILL: CAN CUT RATES WHILE LEAVING STANCE RESTRICTIVE post: MORE BOE'S PILL: PERSISTENT INFLATION IS STILL RUNNING AT LEVELS THAT MEAN WE STILL HAVE SOME WAY TO GO #bankofnengland #boe #huwpill #monetarypolicy #ukeconomy #interestrates #inflation post: MORE BOE'S PILL: THE DIFFERENT VIEWS ON THE MPC REFLECT A RANGE OF ASSESSMENT OF THE DEGREE OF INFLATION PERSISTENCE #bankofnengland #boe #huwpill #monetarypolicy #ukeconomy #interestrates #inflation post: MORE BOE'S PILL: IT'S NOT UNREASONABLE THAT THROUGH THE SUMMER WE'LL SEE INFLATION DATA THAT WILL ALLOW A CUT IN BANK RATE #bankofnengland #boe #huwpill #monetarypolicy #ukeconomy #interestrates #inflation
-
Bitcoin has rallied pretty significantly during the early hours on Monday as we continue to see a lot of support near the $60,000 level. We did break down below it about a week ago, but quickly turned around to show signs of strength again as the buyers came in to pick up the cheap coins, as it were. That is the general attitude of this market overall, to ...
-
We expected a quiet week last week…and we got one! A lack of events helped US stocks drift higher last week, as bad news dissipated and bulls regained momentum. The S&P 500 is now down less than 1% from its all-time high, while the Dow has climbed in an astounding eight straight trading sessions — its longest streak since rallying for nine in a row in ...
-
Michael Ashby, who most recently led the digital-asset strategic implementation at hedge fund firm Point72, has joined the proprietary crypto trading firm AlgoQuant. Ashby, who joined AlgoQuant in April as chief executive officer, said in an interview that the firm is seeking to expand into asset management in the digital sector. He has relocated from New ...