Streetbeat News

Economic Data

FNMA

Fannie Mae's Economic and Strategic Research Group has revised its mortgage rate outlook downward, expecting rates to end at 6.3% in 2025 and 6.2% in 2026. The group anticipates a modest economic growth of 1.7% in 2025 and 2.1% in 2026, with potential small boost to home sales due to lower interest rates.

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March 28, 2025 | 1:15 pm

AAAU

The U.S. Core Personal Consumption Expenditures (PCE) index increased by 0.4% month-over-month, exceeding economists' expectations. Core inflation rose 2.8% over the past 12 months, signaling ongoing inflationary pressures. Gold prices responded positively, trading near all-time highs at $3,079.20 per ounce, up 0.74% on the day.

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March 28, 2025 | 1:00 pm

LTC

Litecoin (LTC) is showing strong on-chain metrics with increased whale activity, high transaction volumes, and potential ETF approval. Despite 57.47% of holders currently at a loss, large investors are accumulating LTC, suggesting a bullish long-term outlook. The cryptocurrency could potentially reach $140 by 2025, driven by institutional interest and market fundamentals.

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March 28, 2025 | 1:00 pm

SPY

February's Personal Consumption Expenditures (PCE) data revealed persistent inflation at 2.8% year-over-year, exceeding the Federal Reserve's 2% target. Consumer spending rose 0.4%, but economic uncertainty looms due to escalating trade tensions and potential tariffs. The Fed remains cautious, holding interest rates steady and anticipating slower growth and higher inflation through 2025.

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March 28, 2025 | 1:00 pm

SPY

The Commerce Department's February Personal Consumption Expenditures (PCE) price index indicates that inflation continues to remain above the Federal Reserve's 2% target. This suggests that the Fed might maintain its cautious approach to interest rate cuts and monetary policy.

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March 28, 2025 | 1:00 pm

SPY

The February PCE inflation report showed core inflation at 2.8%, higher than the 2.7% forecast. Consumer spending increased 0.4%, while personal income rose 0.8%. The data suggests the Federal Reserve may delay interest rate cuts due to persistent inflationary pressures and potential trade tariff impacts.

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March 28, 2025 | 1:00 pm

XAUUSD

Gold reached a new record high of $3,086, marking its fourth consecutive weekly gain and third consecutive bullish monthly close. The surge is attributed to rising safe haven demand, economic and geopolitical uncertainties, potential rate cuts, and increased physical buying. The market outlook remains bullish, with potential short-term consolidation around key psychological levels.

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March 28, 2025 | 12:45 pm

SPY

The Federal Reserve's preferred inflation metric, the core PCE index, remained at 2.8% in February, above the central bank's 2% target. Economists anticipate potential inflationary pressures from upcoming tariffs, which could complicate the Fed's efforts to control price increases. The personal saving rate also dropped to 4.6%, lower than its historical average of 5.7%.

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March 28, 2025 | 12:45 pm

COIN

XRPUSD

Cryptocurrencies experienced a significant downturn, with Bitcoin falling 2.5% to $85,100 and other major cryptocurrencies like Ethereum and XRP sliding 5-6%. The market is cautious ahead of key economic data, including the Personal Consumption Expenditures (PCE) index and potential Trump-era tariffs. Bitcoin ETFs continue to attract investments, while macro conditions and potential Fed interest rate decisions remain critical market drivers.

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March 28, 2025 | 12:30 pm

AAAU

Gold prices reached a new record of $3,124.40 per ounce, driven by safe-haven buying and continued central bank purchases. Global trade tensions and risk aversion are supporting precious metal prices, with investors seeking refuge from market uncertainties.

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March 28, 2025 | 12:15 pm