US Treasury Secretary Scott Bessent has narrowed down his list of potential Federal Reserve chair candidates from 11 to just five. The final choice is expected to be […]
U.S. Treasury Unveils Special Measures for Market Stability
The U.S. Treasury is taking decisive action to maintain market stability amidst growing economic concerns. Reports from BlockBeats reveal that they’re implementing ‘special measures’ designed to address current […]
Bitcoin Mining Exec Meets with Treasury Secretary, Discusses Future of Digital Assets
Matthew Schultz, CEO of CleanSpark, met with US Treasury Secretary Scott Bessent and Senate Banking Committee Chairman Tim Scott for dinner, where they reportedly discussed market structure, the […]
US Services Sector Flourishes in September, Exceeding Expectations
The US services sector experienced robust growth in September, as evidenced by the S&P Global Services PMI reaching 54.2. This reading surpassed expectations and signals a positive outlook […]
Chicago Fed Predicts September Unemployment Rate at 4.3%
The Chicago Federal Reserve’s President, Austan Goolsbee, has provided an estimate for the September unemployment rate, predicting it to be around 4.3%. This projection aligns with ongoing discussions […]
Government Shutdown Halts Key Economic Data Release, Impacting Fed Decisions
The U.S. government is facing its first shutdown in nearly seven years, impacting crucial economic data releases and the Federal Reserve’s ability to assess the economy. The shutdown, […]
Jobless Claims Surge, Driving Fed Rate Cut Expectations
The U.S. saw a significant increase in initial jobless claims last week, reaching their highest level since October 2021. This development has fueled speculation for the Federal Reserve […]
Unexpected Inflation Surge Raises Market Uncertainty
The US inflation rate for August exceeded expectations, prompting concerns and a shift in market sentiment. The Consumer Price Index (CPI) jumped 0.4% from the projected 0.3%, followed […]
US Jobless Claims Surge to 263K, Signaling Economic Uncertainty for Crypto
The latest economic data has sent ripples through financial markets, including the cryptocurrency sector. US initial jobless claims unexpectedly surged to 263,000 for the week ending September 6th, […]
US Producer Price Index Declines to 2.6% in August
The US Producer Price Index (PPI) unexpectedly dropped to 2.6% in August 2025, signaling a cooling of price pressures at the producer level. This decrease, falling significantly below […]
US Job Growth Revised Down; Impact on Crypto Market Analyzed
A significant downward revision in US job growth, amounting to 911,000 jobs lost, casts a shadow over the Federal Reserve’s interest rate plans. While economists anticipate continued monetary […]
US National Debt and Crypto: Shocking Proposal Raises Questions about America’s Finance
A recent claim made by a prominent advisor to Russian President Vladimir Putin has sparked intense debate across the global financial world. This advisor suggests that the United […]
Goldman Sachs Predicts US Stock Market Rally to Continue
Goldman Sachs strategists anticipate a continued surge in the U.S. stock market, driven by strong economic prospects and anticipated Federal Reserve rate cuts. While large-cap stocks are currently […]
U.S. Treasury Addresses Employment Forecast Amid Market Concerns
The U.S. labor market is facing significant uncertainty as new forecasts suggest a potential job loss of 800,000 positions in 2024. This has triggered speculation about a potential […]
U.S. Job Market Slows as Fed Anticipates Rate Cuts
New data from CITIC Securities reveals a weakening trend in U.S. employment for August, with the unemployment rate rising to 4.324% compared to 4.248% in July. This increase […]