The Federal Reserve’s latest Beige Book reports modest economic expansion and elevated inflation across most districts. The Federal Reserve’s Beige Book indicated economic activity grew at a slight to moderate pace in ten of twelve districts, with one district reporting a
Charles Schwab analyst attributes Bitcoin’s decline to capital rotating into AI stocks, IPOs, and gold rather than institutional demand concerns. Bitcoin’s recent underperformance stems from a shift in investor momentum toward artificial intelligence stocks, IPOs, and gold
May inflation rose to 3.1% year-on-year, nearing Bank Indonesia’s upper target band, while April’s trade surplus shrank to $89m. Indonesia’s annual inflation climbed to 3.1% in May from 2.4% in April, driven by higher food and energy costs despite stable fuel prices. Volat
Iran reports no progress in US talks Iran's foreign minister stated that contact with the US has not been severed. The two sides are studying exchanged texts. Oil prices rose 10% this week due to the lack of progress in negotiations.
Bitcoin drops to lowest price since March Renewed military conflict in the Middle East pushed Brent crude to a 12-day high of $96 per barrel. The U.S. 10-year Treasury yield rose to 4.5%, signaling investor concern over near-term inflation. Bitcoin fell 2.4% to $
U.S. economic activity grew slightly in most districts, but inflation and uncertainty clouded business outlooks for the next six months. The Federal Reserve’s latest Beige Book reported slight to moderate economic growth across ten of twelve districts, with one district no
Ten of twelve Federal Reserve Districts reported slight to moderate economic expansion, up from eight in April, amid steady rates. The Federal Reserve’s latest Beige Book indicated economic activity grew at a slight to moderate pace in ten of twelve Districts, an improveme
Law enforcement highlights $3.4 billion in crypto thefts this year as fraudsters target fans with fake ticket schemes. Law enforcement agencies are warning soccer fans about a rise in cryptocurrency scams tied to the 2026 FIFA World Cup. Fraudsters are using fake ticket sa
Negotiations fail to advance as Lebanon demands ceasefire before discussions, delaying potential security talks at the Pentagon. Lebanon and Israel made no progress in Washington negotiations, skipping a planned joint declaration of intent. A Lebanese source said the deleg
CNY strength reflects corporate FX conversion and official tolerance for appreciation amid solid export performance. The Chinese yuan has climbed 3.3% against the USD year-to-date, outpacing other Asian currencies and nearing early-2025 highs on the CFETS basket. Analysts
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