Brazil’s annual inflation unexpectedly slows in June as central bank delivers third consecutive rate cut

Haaland's World Cup impact highlights the volatile intersection of sports and crypto, where athlete performance can sway market dynamics rapidly. The post Haaland’s World Cup stunner beats Brazil and moves crypto markets appeared first on Crypto Briefing.

The post India Gold Discounts Widen to $19 as China Buying Streak Hits 20 Months appeared on BitcoinEthereumNews.com. Indian jewelers are cutting gold prices by as much as $19 an ounce this week as sharp volatility freezes retail buying, while China’s central bank keeps adding to its reserves. The contrast highlights diverging gold strategies across Asia’s two largest markets during a volatile month for the metal. Spot prices dropped to a seven-month low in late June before rebounding, fueling the wide swings dealers cite this week. India’s Discounts Deepen as Buyers Hesitate Dealers in India cut prices by up to $19 an ounce this week, according to Reuters. Sharp volatility has discouraged fresh purchases, and many buyers are avoiding the market entirely. Retail activity has shifted toward exchanging old jewelry for new pieces, so jewelers do not need to restock as often. This shift lowers demand for freshly mined bullion and keeps discounts elevated. Indian jewelry volumes fell 19% ye

The post Federal Reserve: Monetary policy report cites “high inflation” due to tariffs appeared on BitcoinEthereumNews.com. The Federal Reserve (Fed) released its monetary policy report on Friday , in which the US central bank acknowledged that inflation remains elevated and that the labor market is broadly stable, a signal that the price stability goal hasn’t been achieved. The report noted that inflation rose further in the spring, indicating that economic activity is expanding solidly despite uncertainty sparked by the war in Iran. M2 money supply growth rates “were moderate and broadly similar to the pace typically observed during the 2010s.” Credit conditions for small businesses and households remained tight, according to the Fed, and Q1 2026 growth was boosted by investment in high tech and government spending. The Fed said that the housing market is stagnant, that the financial system remained sound and resilient, and that asset valuations in stocks, corporate debt, residential

The post Russia Moves to Monitor Every Crypto Transaction Above 60,000 Rubles appeared on BitcoinEthereumNews.com. Rosfinmonitoring gets real-time data on Russian crypto deals over 60,000 rubles. Full KYC data including wallet address, name, DOB and TIN is required above 60K. Russia’s Central Bank gains power to ban crypto deals that may threaten stability. Russia is building one of the most comprehensive cryptocurrency surveillance architectures of any major economy, with new legislation set to give the country’s financial intelligence agency automatic access to data on every significant crypto transaction made by Russian citizens at home and abroad. Rosfinmonitoring Gets Sweeping New Powers The financial monitoring agency Rosfinmonitoring is set to become the central node of Russia’s crypto oversight system under a companion bill to the government’s core cryptocurrency legislation. The agency will receive real-time data feeds on all crypto transactions above 60,000 rubles, down from

The post Is the Market Underpricing Inflation? Vanguard Thinks So appeared on BitcoinEthereumNews.com. Vanguard Asset Management is buying insurance against stickier US inflation after an oil-market gauge, the crack spread, reached a 2022 high. The firm’s active funds team opened a long position in short-dated inflation-protected Treasuries. It is betting that markets underprice the risk that price pressures linger longer than expected. An Oil-Market Signal Bond Investors Rarely Watch The crack spread measures the difference between the prices of refined fuels and the crude oil used to make them. It is a typical metric for oil traders. For bond investors, it barely registers. However, the crack spread has widened to its highest level since 2022. Crude has slumped since the fragile US-Iran ceasefire.  Gasoline has fallen, but has not matched the drop. At the same time, jet fuel, diesel, and fuel oil are also behaving differently in relation to oil prices. It is worth noting that elevate

The post Mexico: Softer CPI backs dovish Banxico case – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale analysts Dev Ashish and Brendan McKenna note that Mexico’s June inflation data surprised to the downside, with headline and core measures moving close to Banxico’s target range. They argue that weak economic activity is weighing on services and core goods prices, reinforcing disinflation. The softer inflation profile strengthens the case for a more dovish Banxico stance, though the policy rate is still expected to stay at 6.50% near term. Disinflation bolsters easing expectations “June inflation surprised decisively to the downside, with headline CPI falling to 3.37% yoy and core inflation to 4.03% yoy. More importantly, the second bi-weekly reading showed headline at 3.18% yoy and core at 3.94% yoy, bringing both measures close to or within Banxico’s target range and providing the strongest evidence yet that underlying inflation pressures are easing.” “Service

The post United States: New methodology trims Core PCE inflation – Wells Fargo appeared on BitcoinEthereumNews.com. Wells Fargo economists Tom Porcelli and Sarah House discuss upcoming BEA changes to the Personal Consumption Expenditures (PCE) Price Index that will affect data from 2021 onward. They estimate the new methodology will lower current core PCE by about 0.2 percentage points, bringing May’s rate near 3.2% versus 3.4% published, but still roughly 1 percentage point above the Federal Reserve’s (Fed) 2% target. Method tweaks modestly lower core PCE “We want to flag a few methodology changes that are being made to the Fed’s preferred measure of inflation, the PCE price index. The changes will be rolled out in the BEA’s annual update on September 30 and will impact data from 2021 onward.” “We expect the changes will shave only about 0.2 percentage points off the current y/y run-rate of core PCE. So the impact on actual inflation looks to be modest, but the changes are welcome jus

Persistent inflation pressures may force the Fed to prioritize rate hikes over labor market concerns, impacting risk assets and economic growth. The post Fed officials weigh rate hikes as inflation runs hot at 4.1% appeared first on Crypto Briefing.