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Although Monday’s manufacturing PMI was the opposite, showing slight expansion when greater contraction had been expected, very strong sentiment has propelled gold to a key psychological area. The Federal Reserve (‘the Fed’) still seems to be considering a cut in June. This article summarises recent news and sentiment affecting the outlook for the Fed’s policy…

Bitcoin Cash Spikes 10% After Halving, Bitcoin Hovers Above $66K

Bitcoin Cash (BCH) surged 10% after completing its reward halving event, becoming one of the few gainers in an otherwise tepid market as bitcoin {{BTC}} – whose own halving occurs later this month – remained little changed over 24 hours. BCH changed hands at $660 in European morning hours, a price level not seen since…

Fed members’ updated interest rate outlooks rock markets

Federal Reserve Chairman Jerome Powell wants to cut interest rates this year. He’s been saying it regularly all year. But remarks from Fed officials Thursday suggested the when of rate cuts may not come as soon as many people — from home buyers and sellers to Wall Street traders — might expect. Neel Kashkari, the…

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