The Fed
Every Sainteur story on the Fed, newest first.
Producer prices rose 6.5% in the year through October, the largest 12-month increase since November 2022
The index rose 0.3 percent in October, seasonally adjusted, after a 1.4 percent advance in September. That was against a Dow Jones consensus for a 0.4 percent increase, CNBC said.
Bitcoin falls below $70,000 for the first time since August
It was at $69,172, down 4.64% as of Nov 13, 8:14 AM ET. Dow Jones Newswires said it is on track for a sixth weekly loss.
Fed's Waller leans toward a December rate hike, even if October inflation improves
He said a 50 basis point increase should be considered if October's CPI reading looks like the past two months, and that hiking only a quarter point in that case would put the Fed's credibility at risk. The remarks are his own views, not a Committee decision.
Treasuries rally as investors bet a Democratic Congress will limit spending
Two-year yields fell to an almost two-month low before giving some of it back, and money markets slightly trimmed their bets on Fed hikes next year.
Gold rebounds from a one-year low as oil's slide eases inflation worries
Gold rebounded Monday from a one-year low as falling oil eased inflation worries, CNBC reported. Traders now put the odds of a December Fed rate hike at roughly 75%, down from 80% a week ago, per CME's FedWatch Tool.
Gold didn't break as a haven. It got sold for cash as hike bets rose
Gold fell below $4,000 as markets priced a 78% chance of a December hike and margin calls hit. In my view that's gold working as cash, and the real story is the Fed's bind.
Gold falls below $4,000 for the first time since July as oil fuels Fed hike bets
Rising oil prices lifted Fed rate-hike bets and a tech sell-off pushed investors to sell gold to cover losses, leaving the traditional haven on track for its worst week since June.
10-year Treasury yield drops below 5% as AI jitters send investors running for safety
A sell-off in stocks over the AI trade sent money into government bonds on Thursday, pulling the 10-year yield under 5% for the first time since Sept. 23, with the odds of a Fed hike next week down to 7.2%.
Bitcoin rides the AI earnings mood, but the outlets can't agree on why
CoinDesk credits SpaceX and Super Micro for reviving the AI trade, Cointelegraph points to GM and 3M, and Bloomberg calls bitcoin little changed. Spot ETF flows may be the clearer signal.