Crypto News

U.S. September Unemployment Rate Drops to 4.1%

In September 2024, the U.S. unemployment rate fell to 4.1%, below the expected 4.2%. This is the lowest rate recorded since June 2024. Explore the implications of this significant economic update.

U.S. Jobless Claims Data Triggers Dollar Index Fluctuation

The recent release of U.S. initial jobless claims data caused a fluctuations exceeding 10 points in the Dollar Index (DXY), which currently stands at 101.87. This highlights the index's sensitivity...

Bitcoin Faces Short-Term Correction Amid Market Uncertainty

Bitcoin's recent drop amid market volatility reflects typical bull market behavior. Experts foresee potential further declines unless economic indicators reveal positive trends. Despite short-term ...

IG Analyst Proposes Possible 50 Basis Point Rate Cut by Fed in November

Jinshi analysts at IG suggest that a 50 basis point rate cut by the Federal Reserve in November remains a viable option. Despite Jerome Powell's upcoming speech, analysts believe the outlook for mo...

Fed Governor Michelle Bowman Affirms Strength of US Economy

On September 28, Federal Reserve Governor Michelle Bowman declared that recent data points to a robust and resilient US economy, highlighting strong performance across various sectors. This endorse...