Tag Archives: jumbo

In brief Bitcoin’s price fell Thursday following a hotter-than-expected PPI report. Producer prices rose 0.9% in July, the largest monthly increase in over three years. Traders abandoned the prospect of a 50-basis-point rate cut. Bitcoin and other cryptocurrencies slipped on Thursday after rising producer prices blunted rate-cut hopes, and U.S. Treasury Secretary Scott Bessent said the government wouldn’t start cutting …

Why a jumbo Fed rate cut in September would ‘come across as panicky’  MarketWatch Fed cut seen near certain after inflation data, Bessent comments  Reuters Bessent Urges Fed to Lower Rates by 150 Basis Points or More  Bloomberg.com Is the Fed ready to cut interest rates? Experts weigh in  ABC News US treasury secretary Scott Bessent calls for half-point interest rate cut at next …