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The Hill’s Morning Report — Biden to GOP: ‘Let’s finish the job’ Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….
” Bitcoin bulls stumble at $23.4K as Fed’s ‘disinflation’ sparks BTC price rally “ Bitcoin (BTC) rebounded to key resistance into Feb. 8 as crypto markets got a boost from a familiar source. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell: “Disinflationary process” is here Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching…
The Hill’s Morning Report — Biden speech to hail ‘historic’ bipartisan strides Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….
” Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch “ On a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting Bitcoin (BTC) as a legal tender to fight against the corruption that contributed to hyperinflation in the island country. However, a key Sri Lankan authority — central bank…
Five takeaways on a surprisingly strong January jobs report The U.S. economy added 517,000 jobs in January, more than doubling Wall Street expectations and turning up its nose at prognosticators of an imminent recession. The unemployment rate dropped to 3.4 percent, the lowest level since 1969. Analysts were expecting it to move in the opposite…
The Hill’s Morning Report — Biden, McCarthy talk debt divisions without breakthrough Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….
” Crypto market cap jumps $40B as Fed chair Powell hints at ‘disinflation’ “ The total crypto market cap jumped nearly 4% following a speech from United States Federal Reserve Chair Jerome Powell in which he suggested the economy’s disinflationary process has started. “We can now say, I think for the first time, that the…
Fed raises interest rates in smallest hike since March The Federal Reserve raised interest rates by 0.25 percentage points on Wednesday at its first meeting of the year, its eighth straight rate hike since it began a program of tightening borrowing costs last year in an effort to bring down inflation. It’s the smallest rate…
Why the Fed faces new risks in its inflation fight amid recession fears The Federal Reserve is expected to raise interest rates by a quarter-percentage point at its meeting on Wednesday, entering a high-stakes chapter in its battle against high inflation. The central bank is on track to issue its smallest rate hike since March…
Biden gets set to lean into economy in 2024 President Biden is expected to lean into an economic message as he and his campaign team conduct a soft launch of his reelection campaign in the coming weeks, sources familiar with his plans say. A strong report on the economy this week that showed the nation…