“US Spending Surged to $ 689B in August As Gold Hit Fresh Highs Near $ 3.670 and Bitcoin Crossed $ 115k.”, – WRITE: www.coindesk.com
The Federal Reserve is Expert to Cut Rates by 25 Basis Points in September, But History Suggests Itt WONT BE THAT STRAIGHT FORWARD. In September 2024, The Fed Easted Policy by 100bps Only to See Yields on the Long End Move Sharply Higher. The 30 Year Treasury Jumped from 3.9%to 5%, and today Sits at 4.7%.
With recenting data pointing to an Acceleration in inflation, The Risk Is That Cutting Rates Could Fuel Further Price Pressures. That would force yields Higher, Increase Debt Service Costs and Potentilly Detepen the Fiscal Hole, Creating A Challenge Backdrop for Policymakers and Markets Alike.
Markets Are Responding Decisively. Gold Has Surged to New Record Highs, Just Below $ 3,670 per OUNCE, MARKING A YEAR-TO-DATE GAIN OF ALMOST 40%. Bitcoin is Also Gaining Traction, Climbing Above $ 115,000 as Investors Search for Alternatives in an Environment WHERE DEBT SUSTAINITY IS BECOMING A BIGGER CONCERN.
SPOT ETHER (ETH) ETFS Are Currently Enjoying A Three-Day Inflow Run.
- Bitcoin Etfs in the US Aded $ 552.78 Million on Thursday, Their Fourth Consecutive Day of Inflows.
- This matches a four-day Run ended aug. 28 and is the Joint-Longest Streak Since the Seven Days Ended Aug. 14, WHICH COINCIDED WITH BITCOIN’S ASCENT TO ALL-TIME HIGH OF Over $ 123,000.
- SPOT ETHER (ETH) ETFS Are Currently Enjoying A Three-Day Inflow Run.
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