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The post Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed appeared on BitcoinEthereumNews.com. Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for the new Federal Reserve chair to take over. Speaking Thursday to CNBC, Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is “going to keep pumping” oil, easing the supply shock from the Iran war. “I firmly believe that nothing is more transient than a supply shock, and we can, we can look through that, because before the Iranian conflict began, core inflation was coming down,” Bessent told CNBC’s Joe Kernen from the sidelines of President Donald Trump’s summit with his Chinese counterpart, Xi Jinping. “So I think core inflation will continue coming down.” That hasn’t been the recent trend, however. Separate readings this week showed that consumer prices jumped 0.6% in April — and still rose 0.4% ev
Read full articleSuspending the federal gas tax could offer temporary consumer relief but risks significant funding shortfalls for essential infrastructure projects. The post Trump proposes pausing federal gas tax to relieve consumers amid Iran war pressure appeared first on Crypto Briefing.
The Iran conflict's impact on global growth and oil supply could lead to sustained inflation, affecting monetary policies worldwide. The post IMF warns Iran conflict threatens global growth, impacts oil supply appeared first on Crypto Briefing.
Bitcoin entered recovery mode after inflation-induced losses, while US stocks shook off macro data with broader risk appetite "skyrocketing."
The post AI predicts Bitcoin price for May 22, 2026 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is once again under pressure after U.S. spot Bitcoin ETFs recorded $635 million in net outflows on May 13, the largest single-day withdrawal since late January. What’s more, the sell-off followed worse-than-expected U.S. Producer Price Index (PPI) data, which showed inflation rising 1.4% in April and dampened expectations for near-term Federal Reserve rate cuts. At the same time, leveraged traders were hit by a wave of liquidations, with roughly $77.95 million in Bitcoin long positions liquidated over the past 24 hours as the asset rejected its 200-day simple moving average (MA) near $82,270. Traders are now monitoring whether Bitcoin can reclaim the $80,800 level, which has emerged as key near-term resistance. Short-term outlook, however, appears fragile, at least according to machine learning algorithms. Machine learning algorithm predicts Bitcoin price on May 22 Finbold’s AI predi
The post Fed: Extended pause before cautious easing – UOB appeared on BitcoinEthereumNews.com. UOB’s Senior Economist Alvin Liew revises its Federal Reserve (Fed) outlook following hotter United States (US) inflation data. Liew now expects the Fed to keep policy rates unchanged through 2026, before delivering two rate cuts in 2027, and sees the federal funds target rate ending 2026 at 3.75% and 2027 at 3.25%. Policy on hold as inflation stays high “We now expect an extended period of pause to cover the remainder of 2026 before the Fed resumes easing in 2027 (with two rate cuts in late-2Q27 and late-4Q27). This represents a materially long pause even as we maintain our view of an easing stance for Fed policy, reflecting our expectation that inflation pressures will only begin to taper meaningfully in 1H27.” “Under this revised path, the terminal federal funds target rate is now expected to be 3.75% by end 2026, and then lower to 3.25% by end 2027, which will also be the terminal Fed rat
The post Norwegian Krone: Further upside potential versus SEK – Rabobank appeared on BitcoinEthereumNews.com. Rabobank’s FX Strategy team notes that NOK/SEK has gained around 11% year-to-date as the Norwegian central bank turned more hawkish while the Riksbank stayed on hold. They highlight sticky inflation and Norway’s energy-exporter status as supportive for the Norwegian Krone. The bank prefers buying NOK/SEK on dips and targets 1.02 over a three-month horizon. Norwegian Krone supported by hawkish Norges Bank “At the same time, the Norges Bank swung from a dovish tone at the end of last year to a more hawkish stance based on domestically driven sticky inflationary pressure.” “This triggered a Norges Bank rate hike last week on the same day that the Riksbank maintained steady policy.” “While fiscal policy will help support consumption in Sweden and potentially lift underlying inflation pressures, sticky inflation has been a theme in Norway for a while.” “In the year to date, NOK/SEK
Persistent inflation risks could lead to tighter monetary policy, impacting liquidity and potentially increasing volatility in risk-sensitive assets. The post Federal Reserve Bank of Chicago president warns of inflation risks in US economy appeared first on Crypto Briefing.
Bitcoin suffered a sharp pullback on Wednesday, giving up the crucial $80,000 support level that helped BTC rally to prices last seen earlier in the year. The selloff comes as Congress has also confirmed a new Federal Reserve (Fed) chair—Kevin Warsh—raising expectations for how monetary policy could evolve next. Warsh’s Confirmation In a recent report, […]
