Bitcoin fell below $66,500 during the Asian hours as the dollar index rose above 105.00 for the first time since mid-November.Data released on Monday shows that U.S. manufacturing activity unexpectedly picked up the pace in March.June Fed rate cut probability dipped below 50% after the manufacturing data.Bitcoin {{BTC}} faced selling pressure during Asian trading hours on Tuesday as upbeat U.S....

12:16 PM EDT, 04/01/2024 (MT Newswires) -- After the long holiday weekend, markets were hit was a double shot that pulled back the odds of a Federal Reserve rate cut in June, long the benchmark timing for when many felt the Fed could begin to act. The CME FedWatch Tool currently sees 57.4% chance of a rate cut at the...

NEW YORK (Reuters) - Citadel's hedge fund billionaire Kenneth Griffin told investors he expects the medium-term economic landscape will remain challenging, but more favorable for fixed-income markets in the U.S., as inflation eases, according to a letter seen by Reuters. Economic growth is likely to be modest, staying below potential in the upcoming quarters, with the (U.S.) central bank persisting...

NEW YORK (Reuters) - The Federal Reserve Bank of New York said on Monday that underlying inflation pressures weakened in February. The bank said its Multivariate Core Trend Inflation gauge fell to 2.9% in February from 3% in January. The bank's index, which seeks to divine the longer-run trend of price pressures, has been on balance cooling since peaking at...