Topic: #crypto-markets
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Treasury Secretary Bessent urges Fed rate cuts as core inflation cools to 2.6%
US Treasury Secretary Scott Bessent says core inflation is cooling and the Federal Reserve should cut rates to sustain economic growth. Core CPI dropped to 2.6% in June, down from 2.9% in May, with service inflation also easing.
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China's retail sales fall 0.6% in May as Q2 GDP slows to 4.3%
China's retail sales contracted 0.6% year-over-year in May 2026, marking the first decline since December 2022, while second-quarter GDP growth slowed to 4.3%, the weakest pace in over three years. The deceleration signals broad economic weakness with potential ripple effects across global risk assets.
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US 30-year Treasury yield tops 5% for longest streak since 2007
The 30-year Treasury yield has climbed to 5.14% as of late July 2026, marking the longest streak above 5% in nearly two decades. Rising inflation expectations and energy prices are reshaping the calculus for risk assets, including crypto, as investors demand higher compensation for long-term lending to the US government.
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US deficit hits $1.37 trillion in fiscal 2026 amid spending surge
The US federal government collected $4.15 trillion but spent $5.52 trillion through nine months of fiscal 2026, creating a $1.37 trillion deficit. Revenue grew 4% year-over-year, yet spending outpaced it, pressuring Treasury yields and potentially weakening the dollar.
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Jordan intercepts five Iranian missiles amid Middle East escalation
Jordan's military shot down five Iranian missiles on June 10 targeting a US military base, with no casualties reported. The incident highlights geopolitical risks that historically trigger volatility in crypto and traditional markets.
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US inflation accelerates to 3.8%, outpacing wage growth and delaying Fed rate cuts
US consumer price inflation jumped to 3.8% year-over-year in April 2026, the highest level since May 2023, while wage growth lagged at 3.6%, squeezing household budgets and pushing Federal Reserve rate cuts further into the future.