Fed Delivers First Rate Hike Since 2023 Under Warsh The Federal Reserve raised its benchmark rate by 25 basis points to a 3.75–4.00% range on September 16, the first increase since July 2023 and the initial policy move under Chair Kevin Warsh. Projections showed most officials expect at least one more hike this year, with … Read more
Senate Blocks Clarity Act, Crypto Markets Slide The U.S. Senate failed a procedural cloture vote on the Digital Asset Market Clarity Act on September 15 by 49-50, short of the 60 votes needed to advance the market-structure bill. Bitcoin fell about 4% to the mid-$75,000s, with Coinbase dropping over 10%, Strategy more than 5%, and … Read more
Bitcoin Retreats Ahead of Clarity Act Vote Bitcoin fell about 3% from an overnight high near $79,530 to trade around $77,000–$77,800 as the U.S. Senate prepared a procedural cloture vote on the Clarity Act. The market-structure bill, which would split oversight of digital assets between the SEC and CFTC, requires 60 votes to advance debate. … Read more
Oil Surges as Saudi East-West Pipeline Shuts After Attacks Brent crude climbed toward $108 a barrel on Monday after Saudi Arabia shut its East-West pipeline following drone attacks last week. The line, which bypasses the Strait of Hormuz and can move several million barrels per day (roughly 4% of global supply), was closed as a … Read more
Hotter Core CPI Lifts Fed Hike Odds Near Certainty August U.S. core CPI rose 0.3% month-over-month, above the 0.2% consensus, while the annual rate eased to 2.4%, matching forecasts and the slowest since early 2021. Headline CPI increased 0.4% MoM and held at 3.4% YoY, both in line. Markets immediately raised the implied probability of … Read more
Oil Surges Past $100 on Middle East Escalation Brent crude traded above $102–$107 and WTI topped $100–$104 in the past 24 hours, marking the strongest weekly gains in months and the first sustained move above $100 since May. Alleged Houthi strikes caused fires along Saudi Arabia’s East-West pipeline (a key Hormuz bypass), while Iran and … Read more
Bitcoin Holds Near $78,000 as Speculative Tokens Lead Broad Retreat Bitcoin traded around $78,000 on September 10, down roughly 2% over 24 hours and about 5% below its recent weekly high near $82,300. Ninety-five of the CoinDesk 100 constituents declined, with the Memecoin Index falling 10% and small-caps dropping over 5%, while large-caps like BNB … Read more
Brent Crude Breaches $100 on Middle East Escalation Brent crude futures rose above $100 a barrel on September 9 for the first time since late July, with prices touching $100.19 before settling near that level; WTI climbed toward $95. The move followed U.S. forces destroying five Iranian oil tankers in response to IRGC ballistic missile … Read more
Bitcoin Slips Under $79,000 as Fed Hike Odds Hold Near 60% Bitcoin traded just below $78,800 on Tuesday, down more than 1% on the day while clinging to a modest weekly gain, as major tokens broadly declined. Stronger-than-expected August U.S. payrolls of 162,000 versus forecasts near 53,000-55,000 pushed the market-implied probability of a 25-basis-point Federal … Read more
Oil Climbs, Bitcoin Slips on US-Iran Tanker Strikes and Jobs Data US Central Command confirmed strikes on three Iranian oil tankers near Kharg Island, Jask and the Gulf of Oman over the weekend, extending maritime enforcement that has redirected dozens of ships. WTI rose about 1% to roughly $92.70–$95, extending September gains above 6% from … Read more