6+ day, 20+ hour ago   (356+ words) Interest rate traders now put the chance of a Federal Reserve hike at this month’s meeting at 58.4%, a swing that arrived after a surprisingly healthy set of employment numbers. CME’s FedWatch tool shows nearly 60% of investors betting on a 25 basis…...

2+ week, 5+ day ago   (311+ words) Bitcoin dropped below $80,000 during Tuesday’s Wall Street open after briefly touching 14-week highs of $81,265, as both crypto and gold retreated while US stocks posted modest gains. BTC/USD fell as low as $78,111 on Bitstamp, with the $80,000 zone proving difficult to…...

2+ week, 6+ day ago   (267+ words) The U.S. Treasury Department is signaling it could deploy its nearly $1 trillion cash reserve at the Federal Reserve to fund an expanded campaign of buying back longer-term government bonds, according to senior Treasury officials. The move would represent a significant escalation…...

3+ week, 3+ hour ago   (266+ words) Bitcoin recorded its largest dollar-denominated weekly gain in history, rising $14,264 to close the week ended Aug. 23 at $77,387—a 22.7% move in seven days. The rally was triggered by the U.S. Treasury Department’s announcement of an expansion to its buyback program, flipping…...

3+ week, 4+ day ago   (286+ words) Bitcoin surged past $69,000 on Wednesday after the U.S. Treasury announced it would more than double the size of its long-dated debt repurchase operations, easing pressure on a bond market where yields had climbed to levels not seen since 2007. The Treasury Department…...

3+ week, 4+ day ago   (298+ words) The U.S. Treasury Department announced Wednesday it will more than double the size of its government debt repurchase operations, targeting the longer-duration segment of the bond market where yields have surged to levels not seen in nearly 20 years. The move, led…...