June’s Producer Price Report Dims Trader Hopes for a Post-July Fed Rate Hike
Federal Reserve Rate Hike Likelihood Decreases After New Reports According to the latest updates in the finance world, the chances of a rate hike by the Federal Reserve after July are becoming less probable. This development comes after the recent release of two reports over the last two days that indicate a softening of U.S. […]
Cryptocurrency Guru Willy Woo Forecasts Explosive Bitcoin Surge in June – Discover His Market Outlook
Widely followed on-chain analyst Willy Woo recently stated that one signal is pointing toward a possible burst to the upside for Bitcoin (BTC) this month. In a tweet to his one million followers, Woo explained that the cost-basis analysis of Bitcoin is hinting at an upcoming rally for the top crypto asset by market cap […]
US to Boost Strategic Petroleum Reserve: Major Oil Purchase Expected in June, Granholm Reveals
The United States Energy Department, led by Secretary Jennifer Granholm, has announced a plan to replenish the country’s Strategic Petroleum Reserve (SPR) starting as soon as next month. As part of the plan, the department is set to purchase crude oil to help rebuild the nation’s stocks. The SPR is a federally-owned reserve of crude […]
“Treasury Yields Drop as PCE Data Reduces Hopes of June Fed Hike: Surprise Market Impact!”
Treasury yields were lower in Friday morning trading after March data pointed to a slowing annual rate of inflation in the Federal Reserve’s favored price gauge. The 1-month T-bill rate was 4.184% at 9:10 a.m. New York time, falling 6.8 basis points from Thursday’s close of 4.252%. Meanwhile, the policy-sensitive 2-year rate dropped 4 basis […]
‘Major Launch Alert: Binance Japan Set to Begin Operations Post-June – Get Ready!’
Binance, the largest cryptocurrency exchange globally, recently announced its plans to begin operations in Japan after June. This move paves the way for the expansion of cryptocurrencies in the Asian market, strengthening the growth and adoption of digital assets. With Japan being a significant player in the blockchain and cryptocurrency sector, Binance’s entry presents an […]
Nikola Announces the Retirement of Three Board Members in a Surprising June Move
Electric vehicle (EV) manufacturer Nikola Corp. has announced the retirement of three members from its board of directors. Gerrit Marx, Lynn Forester de Rothschild, and Mark Russell will step down from their positions at the company’s annual meeting on June 7. This move is seen as part of the company’s ongoing evolution as it focuses […]
“Traders Predict: Fed Pause Until June, Rate Cut Inevitable by Year-End!”
Fed funds futures traders have increased their expectations for a pause by the Federal Reserve through at least June, after March’s producer price index showed the sharpest monthly decline in almost three years. Traders are now factoring in a 94.7% chance of a reduction in rates by year-end, according to the CME FedWatch Tool. The […]