M2 Money Supply Approaches All-Time High, Bullish Signal for Crypto: Van Straten
The U.S. M2 money supply continued to increase in December a bullish catalyst for risk-on assets.
The U.S. M2 money supply continued to increase in December a bullish catalyst for risk-on assets.
(Reuters) -The dollar steadied on Wednesday ahead of the U.S. Federal Reserve's policy decision, with investors on edge for hints of how much interest rates might fall this year, while they broadly expect the central bank to keep policy unchanged for now. Expectations that trade policies under President Donald Trump could boost U.S. growth, but also push up inflation, fuelled bets on higher-for-longer interest rates in the lead-up to the inauguration, supporting the dollar. But as the tariff action investors had braced for has yet to materialise, currency markets have been volatile since Trump took office and the dollar has weakened.
Auto services provider Monro (NASDAQ:MNRO) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 3.7% year on year to $305.8 million. Its non-GAAP profit of $0.19 per share was 35.6% below analysts’ consensus estimates.
Czech National Bank (CNB) governor Aleš Michl admitted any investment in Bitcoin could turn into an Enron and become worthless.
The company has been expanding outside its market-sensitive core activities of trading and listing to products that help traders navigate compliance requirements and safeguard against financial crimes. Revenue from Nasdaq's financial technology business rose nearly 9.8% in the fourth quarter. Hopes of a soft landing for the U.S. economy, strong equity markets and expectations of a friendlier regulatory environment for deals and offerings under the Trump administration breathed new life into the U.S. IPO market during the reported quarter.
Your day-ahead look for Jan. 29, 2025
(Bloomberg) -- For most of the time since Donald Trump won office, Colombia appeared safely out of his crosshairs. Preoccupied with the likes of Mexico and China, he barely uttered a word about the country, giving traders in Bogota the confidence to steadily bid up the peso and stock prices. Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas H
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(Bloomberg) -- US Treasuries held onto recent gains ahead of the Federal Reserve’s interest-rate decision as traders ratcheted up bullish bets in hope that Chair Jerome Powell will signal a cut in March is firmly on the table.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersUS Students’ Reading Scores Drop to Worst in More Than 20 YearsNewsom
(Bloomberg) -- Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent US fuel-economy rules, following through on one of President Donald Trump’s first directives after he retook the White House.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewso