Streetbeat News

Monetary Policy

SPY

The US economy showed mixed signals in February, with consumer spending rebounding while core inflation remained elevated at 2.5%. The Personal Consumption Expenditures (PCE) price index increased 0.3% for the month, potentially delaying the Federal Reserve's plans for interest rate cuts.

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March 28, 2025 | 5:00 pm

BTCUSD

The core PCE price index rose 0.4% in February, marking the most significant monthly increase since January 2024, signaling persistent inflation. Simultaneously, consumer spending growth underperformed expectations, suggesting potential economic cooling. This data complicates the Federal Reserve's potential timeline for interest rate cuts.

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March 28, 2025 | 4:30 pm

BTCUSD

IBIT

Nasdaq-listed Dominari Holdings has initiated a Bitcoin treasury strategy, investing $2 million into BlackRock's iShares Bitcoin Trust ETF (IBIT). The company plans to continue allocating excess cash and earnings into Bitcoin, following a trend of traditional finance firms diversifying into digital assets.

Portfolio Pulse from

March 28, 2025 | 4:00 pm

BTCUSD

Senator Cynthia Lummis and MicroStrategy's Michael Saylor advocated for Bitcoin's potential to transform U.S. economic strategy, suggesting it could help reduce national debt and represent a 'Manifest Destiny' for the country. Their statements coincide with Bitcoin reaching over $87.6K, highlighting growing institutional enthusiasm for cryptocurrency.

Portfolio Pulse from

March 28, 2025 | 3:45 pm

BTCUSD

The Federal Reserve's February PCE inflation index rose 0.4%, exceeding economist expectations and signaling potential challenges for monetary policy. This unexpected increase suggests the Fed may maintain higher interest rates, causing significant volatility in cryptocurrency markets with substantial price declines across major digital assets.

Portfolio Pulse from

March 28, 2025 | 3:45 pm

BTCUSD

Bitcoin has dropped below its crucial 200-day moving average following the latest Personal Consumption Expenditures (PCE) inflation report. The Core PCE index rose to 2.8%, slightly above expectations, suggesting inflation remains stubborn. This development reduces expectations of a Federal Reserve dovish pivot and creates challenging market conditions for cryptocurrency.

Portfolio Pulse from

March 28, 2025 | 3:30 pm

SPY

James Bullard, now Dean at Purdue University and former St. Louis Fed president, suggests the likelihood of another Federal Reserve interest rate increase is growing. His comments indicate potential continued monetary tightening to combat persistent inflationary pressures.

Portfolio Pulse from

March 28, 2025 | 2:45 pm

BTCUSD

South Carolina is considering a groundbreaking bill that would allow its state treasurer to allocate up to 10% of public funds into digital assets, primarily Bitcoin. The 'Strategic Digital Assets Reserve Act' aims to protect taxpayer funds from inflation and includes provisions for secure custody, regular audits, and voluntary BTC donations. This proposal aligns with similar initiatives in other states like Texas and Arizona.

Portfolio Pulse from

March 28, 2025 | 2:30 pm

BTCUSD

Bitcoin dropped below $85,000 following February's PCE inflation data, which showed core inflation rising to 2.8% and potentially delaying Federal Reserve monetary easing. The cryptocurrency market faces increased volatility, with options expiry and critical support zones adding complexity to price movements.

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March 28, 2025 | 2:30 pm

GM

IVV

TSLA

US stock futures declined early Friday following a higher-than-expected core PCE inflation reading and President Trump's announcement of a 25% tariff on non-US-made vehicles. The core PCE price index rose 2.8% year-over-year in February, exceeding economist forecasts and raising doubts about potential Fed rate cuts. Automakers faced significant pressure, while some tech and industrial stocks showed mixed movements.

Portfolio Pulse from

March 28, 2025 | 2:00 pm