Chicago and NY Fed directors favored discount rate cut in July
(Reuters) -Members of the boards of directors overseeing the Chicago and New York Federal Reserve banks voted in favor of lowering by a quarter percentage point the central bank’s discount rate during July, according to meeting minutes released on Tuesday. The Fed said in a press release that while 10 of the 12 regional Fed banks wanted to maintain the discount rate at 5.5% in votes taken last month, the Chicago and New York Fed directors wanted that borrowing rate to move down to 5.25%.
Bitcoin Slides Below $62K as Consolidation Drags on, but Traders Eye Possible Parabolic Rally
More than five months of sideways price action is testing investors' patience, but similar low-volatility episodes led to break-outs to new record prices, one observer noted.
Blockchain Data Warehouse Space and Time Raises $20M Series A to Accelerate Development of AI Tools
The funding round, which brings Space and Time's total backing to $50 million, was led by Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital
Trump Unlikely to Drop Out of ABC Debate With Harris Despite Threats: Polymarket Traders
The mics probably won't be muted, traders on the crypto-based prediction market platform are signaling.
Carlyle’s Currie Sees Risk of Oil-Price Spike After ‘Carry Trade’
(Bloomberg) -- Oil prices face increased risk of a spike following a “carry trade” that has diverted much-needed capital from the market, according to veteran commodities analyst Jeff Currie.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityHigh interest rates have spurred hedge funds and physical oil players to slash up to $100
Trump Releases Fourth Drop of His NFT Trading Cards
The new collection will offer buyers a piece of the candidate’s suit from his debate with President Joe Biden.
Nasdaq Looks to Offer Bitcoin Options, Following Rival NYSE’s Plans
The proposed Nasdaq Bitcoin Index Options would track the CME CF Bitcoin Real-Time Index.
Fed Bets Fuel Best Month of 2024 for Latin America Local Debt
(Bloomberg) -- Latin America’s local-currency bonds are staging the strongest monthly advance this year as the Federal Reserve draws closer to cutting interest rates for the first time since the onset of the pandemic. Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityBets that the long-awaited easing is poised to begin next mont