Macroeconomics | ForkLog

ForkLog 18 12.07.2023

US inflation slows; Bitcoin rallies

Growth of consumer prices in the US slowed year-on-year in June from 4% to 3%, below economists' forecast of 3.1%. Bitcoin jumped to around $31,000, lifting its daily gain to about 1%. In month-on-month terms, prices rose 0.2% — twice the pace of May — but came in above economists' expectations (0.3%).

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ForkLog 14 22.06.2023

Fed to raise rates further, but not as aggressively

The Fed is likely to raise rates in the coming months, but at a slower pace than before, according to Federal Reserve Chair Jerome Powell, The Wall Street Journal reports.

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ForkLog 15 14.06.2023

Fed keeps key rate; Bitcoin briefly slips below $26,000

On June 14, the U.S. Federal Reserve System (the Fed) kept the target range for the federal funds rate at 5–5.25% for the first time since March 2022.

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ForkLog 10 13.06.2023

Inflation slowed sharply. Bitcoin’s response was modest

Inflation in the US slowed year over year in May to 4% from 4.9%, below the 4.1% forecast. Bitcoin briefly touched $26,400, with daily gains of 1.7%.

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ForkLog 11 18.05.2023

USDC issuer channels $8.7 billion into repos as a hedge against a US default

Circle, the issuer of USD Coin (USDC), transferred $8.7 billion into the stablecoin's collateral from T-Bills maturing after May 31 into an overnight repo.

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ForkLog 15 11.05.2023

Circle increases stake in US Treasury bills amid US default risk

The issuer of USD Coin (USDC), Circle, revised the collateral structure of the stablecoin in favour of short US Treasury bills to mitigate potential technical default risk.

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ForkLog 7 10.05.2023

Inflation barely budges; Bitcoin climbs.

Year-on-year inflation in the United States slowed in April from 5% to 4.9%, below forecasts of 5%. Bitcoin settled above $28,000, rising 2.1% on the day.

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ForkLog 9 10.05.2023

Robert Kiyosaki Urges Bitcoin as Signs of Banking-System Collapse Emerge

The author of the bestseller 'Rich Dad, Poor Dad' and entrepreneur Robert Kiyosaki urged sticking to 'defensive positions' in gold, silver and Bitcoin. The expert did not rule out a collapse of the global banking system.

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ForkLog 11 03.05.2023

Fed raises key rate; Bitcoin holds above $28,500

On Wednesday, May 3, the U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 5–5.25% per annum.

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ForkLog 69 03.05.2023

Balaji Srinivasan loses $1 million bet on fiat economy collapse

The former Coinbase CTO Balaji Srinivasan prematurely conceded his defeat in the bet on Bitcoin reaching $1 million by June 17.

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ForkLog 11 12.04.2023

US inflation slows; Bitcoin nears $30,500

The year-on-year rise in consumer prices in March slowed from 6% to 5%, and the monthly rate from 0.4% to 0.1%. After the data were published, Bitcoin jumped to its highest level since June 2022, nearing $30,500.

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ForkLog 15 22.03.2023

Fed raises policy rate; Bitcoin holds above $28,000

On Wednesday, March 22, the U.S. Federal Reserve raised the target range of the federal funds rate by 25 basis points to 4.75-5%.

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#Macroeconomics