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Fed rate cuts

Gold’s Bull Rally Continues as Interest Rates Get Deep Cuts

Gold’s Bull Rally Continues as Interest Rates Get Deep CutsThe gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the rate by 50 basis points. This behavior had already been predicted by several analysts and institutions, who also expect […]

US Bitcoin ETFs net $365 million in a single day as Bitcoin rallies above $65,000

World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This Year

World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This YearThe world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes rate cuts unlikely, in our view,” said the firm’s […]

US Bitcoin ETFs net $365 million in a single day as Bitcoin rallies above $65,000