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Analysts at Bank of America now project the Federal Reserve to cut interest rates twice this year, following a disappointing August jobs report. The firm projects a rate cut to come this month and in September, suggesting an additional 75 basis points of easing. “The shift in our view is motivated by both the softer labor data and Powell’s reaction function, as stated at Jackson Hole,” BofA wrote in a Friday note. JUST IN: Bank of America now projects the Federal Reserve to cut interest rates twice this year. pic.twitter.com/9z6cULLaiQ — Watcher.Guru (@WatcherGuru) September 5, 2025 Friday’s jobs report was disappointing, as forecasts were not met. US unemployment rates rose in August 2025 to 4.3%, their highest levels since October 2021. Additionally, only 22,000 new jobs were added to the economy last month, far below forecasts. Economists had expected the report to show 75,000 jobs were created in August, with the unemployment rate forecast to rise to 4...

Institutional crypto investment vehicles enjoyed nearly $225 million in inflows last week, according to CoinShares. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that last week’s institutional crypto inflows, while positive, have fallen significantly in the last two weeks, perhaps due to uncertainty on US monetary policy. “Digital asset investment products saw US$224m in inflows last week, extending this 7-week streak to US$11bn. However, there has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of further signals from the US Federal Reserve on inflation.” Source: CoinShares Regionally, the US led internationally with $175 million in inflows. Germany, Switzerland, Canada and Australia followed with $47.8 million, $15.7 million, $9.8 million and $6.5 million in inflows, respectively. “Minor outflows were seen in Brazil (US$9.2m) and Hong Kong (US$1...

Inflationary pressures have once again come under the spotlight as the U.S. released its latest Producer Price Index (PPI) data on October 11, 2024, for the month of September. According to the latest data from the Labor Department , the PPI remained flat on a month-over-month basis, defying expectations of a 0.1% increase. However, on a year-over-year basis, PPI rose by 1.8%, slightly exceeding the forecast of 1.6%. Similarly, the U.S. Consumer Price Index (CPI) data showed that inflation remains sticky. On a monthly basis, CPI came in at 0.2%, the same as in August and July. Year-over-year inflation cooled slightly to 2.4%, down from 2.5% in August, but above the market expectation of 2.3%. Picks for you Chinese stocks register big losses as China’s stimulus cools down 3 hours ago ...