Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. While many investors are getting 5% yields on money market funds, that will fall once the Fed starts cutting interest rates. Rates for high-yield savings and certificates of...

Here are some money moves to make before the Fed starts cutting interest rates

TheStreet

Inflation pressures are easing, but the pace is painstakingly slow.

CPI inflation report upsets betting on big Federal Reserve rate cut

Small cap summer may end up being this bull market’s final form. Think of it like the internal waves churning thousands of feet deep beneath the ocean — ones that finally summon a real altcoin season. I spent the morning sorting the crypto market into different categories: mega-cap,...

Small cap summer: This bull market’s final form

People are getting impatient with the Federal Reserve.

The Fed is about to do something it hasn’t done since the pandemic

Bank of America's Michael Hartnett isn't very optimistic about the future of the US economy and stock market.

'Sell the first rate cut': Bank of America's top global strategist warns stocks could be in for trouble as the economy heads toward a hard landing and the Fed gets set to slash rates

The producer price index rose 2.2% year-on-year in July, undershooting expectations. Stocks and bonds rose while the dollar fell as the U.S. PPI undershot expectations. BLS flagged squeezed margins as the main source of wholesale disinflation in July. U.S. CPI is now in focus, with a downside surprise threatening to...

Stocks Cheered Low U.S. PPI Data. The Story May Be Different If CPI Misses Too.

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

Reuters

(Reuters) - U.S. retail sales rose more than expected in July, which could help to allay financial market fears of a sharp economic slowdown that were fanned by a jump in the unemployment rate.

Instant View: Strong data takes 50 bp cut in September off the table

Although last month's CPI data was well-received by the bond market for coming in below expectations and showing a notable drop in the shelter component, the producer price index was much higher than expected. While bonds were able to look past the headline and ultimately stabilize, it nonetheless raised questions about the risks of choppy inflation readings persisting. Today's PPI release not only revised last month's a bit lower, but also came in significantly lower than expected at the core level. Bonds aren't rushing to trade it as proof positive of a repeat with tomorrow's more important CPI data, but it's certainly not hurting so far this morning.

First Inflation Data of the Week Sets a Hopeful Tone

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. It turns out I’m nearly a year late to this, but I just ordered an Oreo McFlurry and learned — to my horror — that McDonald’s discontinued the McFlurry spoon.

Pump.fun appears immune to bad vibes

Ohio State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

The Fed shouldn't let itself be "bullied" by markets, top economist Mohamed El-Erian said in a Bloomberg op-ed.

Why an emergency rate cut would be a mistake for the Fed, according to Mohamed El-Erian

Popular on-chain analyst Willy Woo is predicting that Bitcoin (BTC) will ultimately hit a massive value for one key reason. Woo tells his 1.1 million followers on the social media platform X that Bitcoin could capture 3% of the total wealth assets and soar more than 975% from the current value.

Bitcoin To Explode by at Least 975% To Reach Ultimate Price, Says Analyst Willy Woo – Here’s the Timeline

There are many reasons to celebrate the BlackRock Flexible Income ETF (BINC). The actively managed multisector ETF launched less than 15 months ago. It is already approaching $4 billion in assets. It’s also now among the larger active fixed income ETFs joining products from Fidelity, JPMorgan, and PIMCO. BINC...

Golden Age for Fixed Income at BlackRock

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical indicators suggesting a potential retracement. Will it Materialize?. Gold...

Gold (XAU/USD) Bounces Back After US CPI, DXY Faces Challenges

Denver, CO

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

NewsBreak

One month out from FOMC: Zooming in on the expected rate cut

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome...

One month out from FOMC: Zooming in on the expected rate cut

Comments / 0