economics

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Hawkish Fed Chatter Has Wall Street Betting on Big Rate Hike, Crypto Traders Shorting Bitcoin
Some of the central bank's officials want to see "several months" of low inflation to gain confidence that price pressure is easing.
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Chair Jerome Powell participates in the Federal Open Market Committee (FOMC) press conference on June 15, 2022.
The Fed Wants You to Lose Money in Stocks and Probably Crypto, Too
Monetary policy works through financial conditions, including equities and consequently crypto, which has been highly correlated with the equity market.
Chair Jerome Powell participates in the Federal Open Market Committee (FOMC) press conference on June 15, 2022.

CDCROP: Stock Business financial Economic background turnaround from bottom Recession Industrial Sector From Coronavirus ,Covid-19, Global Stock Investment Financial Economy concept (Getty Images)
More Volatility Ahead for Bitcoin as Federal Reserve Keeps Quiet
BTC traders will have to be data dependent, just like the central bank.
CDCROP: Stock Business financial Economic background turnaround from bottom Recession Industrial Sector From Coronavirus ,Covid-19, Global Stock Investment Financial Economy concept (Getty Images)

CDCROP: Jerome Powell gives 2021 Jackson Hole Update (C-Span)
Wounded Crypto Traders Desperate for Clues From Fed’s Big Meeting This Week
The central bank’s annual Jackson Hole, Wyoming, conference could provide hints on where interest rates are headed – and thus where crypto prices will go.
CDCROP: Jerome Powell gives 2021 Jackson Hole Update (C-Span)

(sorbetto/Getty Images, modified by CoinDesk)
Why Economic Wars Are Inflationary
Why our understanding of inflation might be fundamentally mistaken.
(sorbetto/Getty Images, modified by CoinDesk)

CDCROP: Arrows pointing up
Aggressive Rate Hikes Still Necessary, Say Fed’s Evans and Kashkari
A slowdown in inflation reported Wednesday morning raised hopes the U.S. central bank might tap the brakes on its monetary tightening cycle.
CDCROP: Arrows pointing up

(z_wei/Getty Images, modified by CoinDesk)
Have We Passed Peak Inflation?
Today’s CPI numbers came in at a better-than-expected 8.5% annual inflation and 0% monthly.
(z_wei/Getty Images, modified by CoinDesk)

Small Shrinking Currency Dollar in Inflation on White Background
US Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps
Crypto markets responded favorably after the slower-than-expected reading, which takes pressure off the Federal Reserve to hike rates aggressively at the September meeting.
Small Shrinking Currency Dollar in Inflation on White Background

(Source: New York Fed Survey of Consumer Expectations)
Americans See Inflation Plunging Next Year, New York Fed Survey Finds
Respondents to the widely considered survey expect inflation to run at 6.2% in 2023, which is down 0.6% from last month’s survey.
(Source: New York Fed Survey of Consumer Expectations)

CDCROP: Recession Road Sign (ZargonDesign/Getty Images)
What Is the Definition of ‘Recession?’ And Does Bitcoin Care?
The "two quarters" standard is simple, but the definition by the National Bureau of Economic Research gives policymakers much-needed wiggle room. For bitcoin, the semantics don't matter.
CDCROP: Recession Road Sign (ZargonDesign/Getty Images)