Ethereum trades lower, holds above key moving averages amid Fed rate hike bet
Ethereum fell 0.7% as annual US producer inflation hit 5.4%, raising Fed rate hike expectations.
Ethereum fell 0.7% as annual US producer inflation hit 5.4%, raising Fed rate hike expectations.
Gold trades near $4,300 support as oil surge fuels rate hike bets ahead of US CPI data.
Bitcoin dips to key $76,000 support as oil surge and NFP data boost rate hike bets; all eyes are on the upcoming US CPI report.
US CPI forecast distribution shows consensus at 3.4% Y/Y and 0.2% core M/M. Only a soft core CPI may offer short-term relief.
UK GDP rose 0.4% in July from June, beating forecasts for no change, as services led gains and annual growth reached 1.6%.
Jim Cramer says the 30-year Treasury yield near 5.3% now drives stocks, overriding fundamentals.
Jeremy Siegel says the Fed must raise rates next week to maintain credibility, despite risk of a selloff.
Oil prices stayed near recent highs as unverified pipeline fire reports emerged, while Asia-Pacific stocks fell on geopolitical and rate worries.
The BOJ is set to raise rates by 25bp next week, but the central bank gives no clear signal on further hikes, leaving markets focused on pace and terminal rate.
Rising 10-year Treasury yields near 4.85% pressure GOP midterm strategy as Trump pledges $5,000 payments amid debt concerns.
ANZ expects ECB to hike again in December to 2.75% deposit rate; ING calls it an insurance move.
Friday's August CPI report, the final inflation data before the Fed's meeting, is expected to decide rate hike odds after PPI raised them above 70%.
Lagarde's Saturday apple festival speech may reinforce her inflation stance two days after ECB rate rise.
Reuters sees PBOC's USD/CNY reference rate at 6.7174, with the fixing viewed as braking the yuan's pace rather than reversing its uptrend.
Japan's wholesale inflation stayed hot in August, reinforcing expectations that the Bank of Japan will raise rates next week.