economy

CDCROP: Stressful businessman packing a box for quit a job. (Getty Images)
November Jobs Report Due Friday as the Fed's Powell Confirms Slower Pace of Rate Hikes
The employment report for November is expected to show a sizable slowdown in hiring, but the labor market remains too tight, according to the central bank chair.
CDCROP: Stressful businessman packing a box for quit a job. (Getty Images)

CDCROP: The Federal Reserve building in Washington, D.C.. (Helene Braun/CoinDesk)
Federal Reserve Hikes Rates as Expected, Will Watch 'Lags' in Monetary Policy; Bitcoin Rises
The U.S. central bank raised the main interest rate by 0.75 percentage point, as expected. Officials say they'll monitor "lags" in the impact of "cumulative" efforts so far, possibly a tip that a dovish shift is being considered.
CDCROP: The Federal Reserve building in Washington, D.C.. (Helene Braun/CoinDesk)

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El indicador predilecto de la Fed sube menos de lo esperado y bitcoin se dispara
BTC sube tras conocerse que el PCE de Estados Unidos de septiembre resultó ligeramente más bajo que lo estimado por los economistas.
(Getty Images)

CDCROP: Inflation (Getty Images)
Fed's Preferred Inflation Gauge Rises Less Than Expected, and Bitcoin Rises
BTC pops after U.S. PCE price index comes in slightly slower for September than predicted by economists.
CDCROP: Inflation (Getty Images)

CDCROP: Stock Business financial Economic background turnaround from bottom Recession Industrial Sector From Coronavirus ,Covid-19, Global Stock Investment Financial Economy concept (Getty Images)
US GDP Expands 2.6% in Q3, Faster Than Expected; Bitcoin Steady
Any growth in gross domestic product might be negative for the bitcoin market because the Federal Reserve will have to keep raising interest rates to bring down inflation – typically bad for prices of risky assets.
CDCROP: Stock Business financial Economic background turnaround from bottom Recession Industrial Sector From Coronavirus ,Covid-19, Global Stock Investment Financial Economy concept (Getty Images)

CDCROP: Hand is turning a dice and changes the direction of an arrow symbolizing that the GDP of a country is changing the trend and goes up instead of down (or vice versa) (Getty Images)
In Topsy-Turvy Market Logic, Positive US GDP Could Be Negative for Crypto
Analysts estimate the U.S. economy grew by 2% in the third quarter of the year, upending a streak of two straight quarters of contraction.
CDCROP: Hand is turning a dice and changes the direction of an arrow symbolizing that the GDP of a country is changing the trend and goes up instead of down (or vice versa) (Getty Images)

Hurdles (Josh Boak/Unsplash)
Bitcoin Undervalued by On-Chain Metric, Might Remain That Way: Technical Take
Bitcoin is trading at a historic discount, while battling macro hurdles, CoinDesk Markets analyst Glenn Williams Jr. writes.
Hurdles (Josh Boak/Unsplash)

Markets Daily Podcast Cover
Crypto Update | Why Did Crypto Surge After Bad Inflation News?
With bitcoin and ether down Wednesday on a report showing inflation in the U.K. hit a 40-year high, plus a look at the confusing and strange psychology of markets, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Markets Daily Podcast Cover

(Cemile Bingol/Getty Images, modified by CoinDesk)
Inflation Surprise! Markets Swerve Wildly as Core CPI Rises at Fastest Pace Since 1982
A whipsaw morning in trading follows the release of September’s official U.S. inflation numbers.
(Cemile Bingol/Getty Images, modified by CoinDesk)