The post Markets raise odds for Federal Reserve rate hike after inflation report appeared on BitcoinEthereumNews.com.
The rate cut party that markets spent all of 2024 anticipating has officially been uninvited. Fresh inflation data has pushed traders to price in something that seemed unthinkable just months ago: the Federal Reserve might actually raise interest rates. US headline CPI climbed to 3.8% year-over-year in April, hitting a nearly three-year high. Paired with March’s PCE reading, the Fed’s preferred inflation gauge, showing headline inflation at 3.5% and core PCE at 3.2%, the picture becomes harder to ignore. The pivot from pivot Market predictions currently indicate a 44% chance of a Fed rate hike before July 2027. Perhaps more telling, traders see no cuts happening before that date either. Chicago Fed President Austan Goolsbee has acknowledged that rate hikes are now on the table as a policy option. That’s notable because Goolsbee has generally been considered one of the m
Rising rate hike odds could disrupt investment strategies, impacting high-growth sectors and crypto, necessitating strategic repositioning.
The post Markets raise odds for Federal Reserve rate hike after inflation report appeared first on Crypto Briefing.
Crypto ETF markets faced another sharp wave of selling on Wednesday, with bitcoin funds posting their second straight day of heavy outflows and ether ETFs extending their losing streak to three sessions. Solana stood out as the lone area of strength, while XRP products remained inactive. Bitcoin and Ether ETFs Lose $671M as Solana Bucks […]
Dimon's critique highlights the risk of capital flight from Europe and the UK, potentially shifting financial power towards more decisive markets.
The post JPMorgan’s Jamie Dimon urges Europe and UK to clarify financial regulations or risk losing capital appeared first on Crypto Briefing.
The post CFTC Issues No-Action Letter on Prediction Market Data Reporting appeared on BitcoinEthereumNews.com.
The US Commodity Futures Trading Commission’s (CFTC) market and clearing divisions issued no-action relief for fully collateralized event contracts, easing certain swap data reporting and recordkeeping obligations for prediction market operators and clearing organizations. The divisions said Wednesday that they will not recommend enforcement against designated contract markets (DCMs), derivatives clearing organizations (DCOs), or their participants for failing to comply with specified swap-related recordkeeping requirements or for failing to report covered transactions to swap data repositories. Event contracts on prediction markets technically qualify as “swaps” as they are based on binary events. However, the letter argued that similar contracts are listed for trade by DCMs and have more similar characteristics to futures and options on futures, hence enabling firms to repor
Prediction market platform Myriad has adopted Chainlink infrastructure to automate and settle crypto prediction markets with near real-time payouts, starting with BTC, ETH, BNB, and SOL markets. According to Myriad, the integration brings Chainlink Data Streams and the Chainlink Runtime…
