Bitcoin Could Hit $110,000 Before Dropping to $76,500 as Fed Policy Shifts, Says Arthur Hayes
Bitcoin could surge to $110,000 before pulling back to $76,500, according to BitMEX co-founder Arthur Hayes.
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Trump Authorizes 25% ‘Secondary’ Tariff on Venezuela Oil Buyers
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at the Knees’ by DOGEPresident Donald Trump on Monday issued an order allowing a 25% tariff to be im
Fed’s Bostic Now Sees Just One Rate Cut This Year Due to Tariffs
(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said he now sees just one interest-rate cut as likely this year, rather than two, with tariff hikes impeding progress on disinflation.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They C
What To Expect From Friday's Report On Inflation
Inflation was pretty tame in February—or was it? A report on inflation Friday could throw some cold water on the idea, bolstered by an earlier report, that consumer price increases are significantly decelerating.
Atlanta Fed's Bostic now sees only one rate cut this year
Atlanta Federal Reserve President Raphael Bostic said he anticipates slower progress on inflation in coming months and as a result now sees the Fed cutting its benchmark interest rate only a quarter of a percentage point by the end of this year. With less progress on inflation and businesses expected to add the cost of coming tariffs to their prices, "the appropriate path for policy is also going to be pushed back," Bostic said in an interview on Bloomberg. Bostic had previously expected the Fed would cut rates twice this year, a view his colleagues largely maintained at their meeting last week when the median policymaker projection saw two quarter-point rate cuts in 2025.
Trump threatens tariffs on Venezuela’s oil buyers
The president said he will levy duties against countries that import oil or gas from the South American country starting April 2.
DOJ Asks US Supreme Court to Allow Federal Worker Firings
(Bloomberg) -- The Trump administration has asked the US Supreme Court to allow the firing of thousands of workers at six federal agencies after a judge ordered that they be reinstated.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at t