The U.S. Federal Reserve is meeting this week to discuss a fresh inflation report that shocked the markets last week. A a 75 basis point (0.75 percentage point) hike is suddenly seen as all but certain after the Wall Street Journal reported that officials were considering a bigger increase than...

U.S. Treasury yields pulled back slightly on Wednesday morning ahead of the Federal Reserve’s key monetary policy announcement. Traders initially anticipated a 50-basis-point interest rate hike, but in light of the red hot inflation print, the market is now pricing a more than 95% chance of...

The consumer price index (CPI), the most widely tracked benchmark for inflation, rose 8.6% on a year-over-year basis in May, topping expectations that it would decline to 8.2% from April's 8.3%. Bitcoin (BTC) which has taken a major hit as western central banks have begun tightening monetary...

Bitcoin (BTC) is on watch, continuing its thus far uninspiring start to May, as crypto traders positioned ahead of a U.S. Federal Reserve decision due Wednesday. A major market talking point in recent weeks has been bitcoin's elevated correlation with U.S. stocks, especially the tech-focused...