Current Economic Conditions declined from 62.7 in July to 61.3 in August, while Index of Consumer Expectations increased from 68.8 to 72.1. The University of Michigan commented: “Consumers’ short- and…
Tag: trading the news
Five Things to Know in Crypto This Week: Fed Bets and ETF Outflows Shake Confidence
ETH Weekly Chart 310824SEC Targets OpenSea NFT Marketplace On August 28, the US Securities and Exchange Commission (SEC), alleging that Non-Fungible Tokens (NFTs) on its marketplace are securities. OpenSea co-founder…
Five Things to Know in Crypto This Week: Fed Chair Powell and BTC Spot ETF Inflows
ETH Weekly Chart 240824SEC vs. Ripple: Kraken Ruling May Influence SEC’s Appeal Strategy XRP was up 7.86% to $0.6080 from Monday, August 19, to Saturday, August 24. Uncertainty about SEC…
Fed’s Favorite Gauge Shows Inflation Uptick Amid Consumer Spending Spree
Where the Money Flows: Compensation, Cars, and Creature Comforts The increase in personal income was primarily driven by higher compensation. The rise in PCE was split between increased spending on…