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BTC, ETH rally on easing U.S. inflation in September report

BTC, ETH rally on easing U.S. inflation in September report

U.S. consumer prices for September were released today, showing a lower-than-expected increase, which signals moderate inflationary pressure and sparked a rally in Bitcoin and ETH. The CPI rose to 3% ...

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1 min
US CPI posts biggest annual rise since late 2023, jumps 3.0% over the past year

US CPI posts biggest annual rise since late 2023, jumps 3.0% over the past year

The CPI jumped 3.0% over the past year, the biggest annual rise since late 2023, according to new data from the U.S. Bureau of Labor Statistics. The September monthly increase clocked in at 0.3%, down...

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1 min
BLS staff return to office to prepare September CPI despite government shutdown

BLS staff return to office to prepare September CPI despite government shutdown

The Bureau of Labor Statistics (BLS) is pulling staff back from furlough so the September consumer-price index (CPI) can be finished and published, according to the Wall Street Journal. As you may kno...

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1 min
U.S. equity funds log biggest inflows since 2024 as Fed rate cut looms

U.S. equity funds log biggest inflows since 2024 as Fed rate cut looms

U.S. equity funds recorded increased inflows at the beginning of October as the likelihood of another rate cut by the Fed looms this month. LSEG Lipper data revealed that U.S. equity funds received $3...

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1 min
US monthly jobs report suspended due to government shutdown

US monthly jobs report suspended due to government shutdown

Policymakers, investors, and businesses hoping for clarity on the status of the US labor market will not get it this week as scheduled. The Bureau of Labor Statistics (BLS), the agency tasked with pro...

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1 min
BLS will halt all economic data, including Friday’s jobs report

BLS will halt all economic data, including Friday’s jobs report

The BLS said it will stop publishing all economic data, including the crucial monthly jobs report set for Friday, if the U.S. government shuts down this week. Prediction platform Kalshi has placed the...

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1 min
Crypto bulls brace for rout as Fed reacts to weak jobs data

Crypto bulls brace for rout as Fed reacts to weak jobs data

Bitcoin and Ether are clawing higher as traders bet the Federal Reserve’s looming rate cut will unleash a fresh bullish wave. This aligns with the US labor market struggling with slowing economic grow...

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1 min
Markets lock in 25bps Fed rate cut as US CPI hits 2.9% in August

Markets lock in 25bps Fed rate cut as US CPI hits 2.9% in August

CPI rose 2.9% in August, locking in a 0.25% rate cut from the Federal Reserve next week, plain and simple. The monthly number came in hot at 0.4%, jumping from 0.2% in July, according to the U.S. Bure...

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1 min
Wall Street executives warn the U.S. economy is weakening despite strong earnings

Wall Street executives warn the U.S. economy is weakening despite strong earnings

The biggest names on Wall Street are finally saying what most people already feel: “Things aren’t looking good.” Even as traders bet on interest rate cuts and banks report high earnings, top executive...

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1 min
Wall Street surges along with rate cut odds

Wall Street surges along with rate cut odds

Trump just got another win against the Federal Reserve, after new data from the Bureau of Labor Statistics on Wednesday showed that wholesale prices fell by 0.1% in August. That unexpected drop gave m...

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1 min
US unemployment surges to 4.3% as labor market remains in contraction

US unemployment surges to 4.3% as labor market remains in contraction

The labor market slipped deeper into trouble in August. Only 22,000 jobs were added last month, way below the 75,000 economists expected. And unemployment shot up to 4.3%, according to the Bureau of L...

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1 min
Crucial BLS Data Error: What It Means for Crypto Markets

Crucial BLS Data Error: What It Means for Crypto Markets

BitcoinWorld Crucial BLS Data Error: What It Means for Crypto Markets The U.S. Bureau of Labor Statistics (BLS) has reported a significant BLS data error with its website’s data search tool. This come...

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1 min