1230 GMT / 0830 Eastern time:
- Bank of Canada Governor Tiff Macklem is giving a speech at the National Bureau of Economic Research
- Economics of Artificial Intelligence Conference
BoC is on a rate cutting cycle. Earlier in the week we heard from:
1230 GMT / 0830 Eastern time:
BoC is on a rate cutting cycle. Earlier in the week we heard from:
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CD rates dip below 4.5% APY, but 4.2% still available. Watch for yield curve inversion & inflation risks.
Govt shutdown halts key data, Fed eyes rate cuts cautiously. Inflation ticks up, jobs data missing. Traders watch Powell.
US electricity bills are soaring! 49 states see rising costs, squeezing households. Utilities seek higher rates.
Bitcoin near $113K, up 4.5% weekly, faces Fed rate decision & tighter liquidity. Altcoins dip, XRP bucks trend. Watch $117K-$120K resistance.
ETH holds $4K support as BitMine buys dip, boosting holdings to 3.31M ETH. Risk/reward looks attractive.
Gold rebounds to $4k/oz after 4% drop, Fed rate cut hopes & 50% YTD gains fuel dip-buyers. Watch $3920-$4020 range.
AI chip stocks surge 17% on earnings, but bubble fears linger. Valuations at 19.2x forward earnings vs. global 22.7x.
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