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Showing posts with the label september 2024

US Inflation Falls to 2.4% in September 2024

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In what is a massively important metric for the country’s economic standing, US inflation figures have fallen to 2.4% in September 2024. Indeed, the latest US Consumer Price Index (CPI) report shows that inflation is falling even closer in line with the Federal Reserve’s target. The data also shows a second straight month of decline. In August, inflation came in at 2.5% and was key in informing the Fed’s most recent interest rate decision. The promising fall of inflation had led the central bank to cut rates for the first time in four years. BREAKING: US inflation falls to 2.4%, higher than expectations. — Watcher.Guru (@WatcherGuru) October 10, 2024 Also Read: Federal Reserve Could See a Million Jobs Vanish in Downward Revision US Inflation Falls Yet Again, Drops Closer to Fed’s 2% Target The United States economy, like most of the world, has been hard at work fighting off concerns of a hard landing. With inflation proving tricky to defend against, the Fe...

Bitcoin ETF Options to Launch in the Second Half of 2024

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Amid the surging interest in Spot Bitcoin ETFs, an options feature is likely to debut in the second half of 2024. Indeed, Bloomberg analyst James Seyffart recently reported that the product should arrive in Q4, with the potential that it launches even earlier. Seyffart said the deadline for a decision by the US Securities and Exchange Commission (SEC) is September 21st. However, the feature could arrive as early as that month. He noted that the process could lead to options arriving in Q3 for the top ETF issuers. Source: coinpedia.org Also Read: Morgan Stanley Advisors to Now Offer Spot Bitcoin ETFs to Clients Bitcoin ETF Options to Debut as Early as September 2024 has proven to be the year of Bitcoin. There is little denying its growth in prevalence throughout this year. It has become a political focal point, proving to be a key battleground topic leading up to November’s US presidential election. A massive part of its growth has been due to the arrival of its own exchange-traded...