Casey Wagner

1 week ago | blockworks.co | Casey Wagner

The Federal Reserve on Wednesday left interest rates unchanged for a fourth consecutive time. Federal Open Market Committee members still expect to issue two rate cuts this year, unchanged from their projections in March. "No one holds these rate paths with a great deal of conviction," Fed Chair Jerome Powell said during Wednesday afternoon's press conference, cautioning the public to not read too closely into the so-called " dot plot." "We do this once a quarter.

1 week ago | blockworks.co | Casey Wagner

US equities and bitcoin were in the red Tuesday afternoon as conflict in the Middle East stretched into a fifth day. Investors are also waiting to hear from the FOMC tomorrow about their interest rate decision and, more importantly, what the committee's latest Summary of Economic Projections has to say. Bitcoin had lost 2.7% over the day at 2 p.m. ET, hovering around $104,000. The S&P 500 and Nasdaq Composite opened lower and were trading 0.8% and 0.9% lower, respectively, at that time.

2 weeks ago | blockworks.co | Casey Wagner

Oil prices surged while global equities faltered Friday morning, on fears that Israel's attacks on Iranian nuclear facilities could escalate into a broader conflict. Brent crude, a benchmark for global oil prices, gained more than 8% in the early hours of Friday morning. West Texas Intermediate crude rallied as much as 14% before paring some gains, following reports from Iran that oil facilities were not damaged by Israeli airstrikes.

2 weeks ago | blockworks.co | Casey Wagner

US stocks and bitcoin moved a bit higher Wednesday morning before paring gains after May's CPI came in cooler than expected, suggesting that tariff-related price hikes are so far not a reality. After a slight rally at the beginning of the session, the S&P 500 and Nasdaq Composite indexes were down 0.3% and 0.5%, respectively, at 2 p.m. ET. Bitcoin, meanwhile, had lost 1.1% to trade around $108,800. Headline CPI rose 0.1% over the month and 2.4% annually.

2 weeks ago | mail.blockworks.com | Casey Wagner |Jack Kubinec |Katherine Ross |Kate Irwin

Hey there! The Forward Guidance newsletter’s Casey Wagner is back again with some updates. While we wait for word from London on the status of a China-US trade agreement, she unpacks what the data has to say about bitcoin decoupling. Let’s do it: Another day, another bitcoin rally. After making a run approaching its all-time high last night, bitcoin was back in the red this afternoon, hovering around $109,400 and trading 0.6% lower over the past 24 hours as of 4 pm ET.