Core Points - The Federal Reserve approved a quarter-point rate cut, lowering the overnight funds rate to a range of 4.00%-4.25% [1][2] - The decision was made with an 11-to-1 vote, indicating less dissent than expected, with Governor Stephen Miran advocating for a half-point cut [1][3] - The Fed signaled that two more rate cuts are anticipated before the end of the year due to concerns over the U.S. labor market [2][5] Economic Conditions - The Fed characterized economic activity as "moderated," noting slowed job gains and elevated inflation [4] - Projections indicate slightly faster economic growth than previous estimates, while unemployment and inflation outlooks remain unchanged [8] - The unemployment rate reached 4.3% in August, the highest since October 2021, with job creation stagnant and nearly a million fewer jobs created than initially reported [13] Political Influence - The meeting was preceded by significant political drama, with President Trump advocating for aggressive rate cuts [3][10] - Miran's appointment and his criticism of Chair Jerome Powell raise questions about the Fed's independence from political influence [10] - A court blocked Trump from removing Governor Lisa Cook, who voted for the quarter-point cut, amidst accusations of mortgage fraud [11]

Federal Reserve Interest Rate Decision - The Federal Reserve is expected to cut interest rates on September 17, marking the first cut in nine months, with the last cut occurring on December 18, 2024, by 25 basis points [1] - Federal Chair Jerome Powell hinted at a potential rate cut during the Jackson Hole Speech on August 22, indicating that the baseline outlook and shifting balance of risks may warrant an adjustment in policy stance [1] Impact on Equity and Crypto Markets - Anxiety is prevalent in both equity and crypto markets as investors await the Fed's decision, with three distinct scenarios being considered [2] - A 50-basis-point cut would signal significant concern over slowing growth or financial system stress, potentially leading to a rally in crypto markets due to lower capital costs [3] - A 25-basis-point cut is the anticipated scenario, which would initiate a new cycle of easing, possibly diverting over $7 trillion in money-market funds into riskier assets [5] - If the Fed decides to keep rates unchanged, it could lead to a sell-off in stocks and cryptocurrencies, indicating ongoing inflation concerns [7] Cryptocurrency Market Reactions - A significant rate cut could lead to spikes in Bitcoin and Ethereum prices, with higher beta tokens like Solana potentially experiencing faster gains, although it may also create short-term volatility [4] - Analysts suggest that a gradual easing rather than a rapid cut would be more beneficial for the markets, with potential for Bitcoin to reach new highs [8] - The cryptocurrency space may see increased investments in yield-bearing tokens, DeFi platforms, and stablecoins as a result of lower yields in traditional markets [6] Market Sentiment and Analyst Views - Analysts from trading firm QCP note that Fed easing is generally supportive of risk assets, but caution that market strength may be tempered by ongoing inflation, deficits, and geopolitical risks [9] - As of the latest data, Bitcoin was trading at $115,589.87, reflecting a 1.27% increase over the past week, with the total crypto market cap at $4.02 trillion [10]

Market Overview - The S&P 500 Index is down -0.17%, while the Dow Jones Industrials Index is up +0.77%, and the Nasdaq 100 Index is down -0.80% [1] - Weakness in chipmakers, particularly Nvidia, which is down more than -2%, is impacting the broader market due to regulatory actions from China's Cyberspace Administration [2][11] - The overall market is negatively affected by the decline in major technology stocks, with Amazon, Tesla, and Meta Platforms all down more than -1% [12] Economic Indicators - US housing news showed weaker-than-expected results, with August housing starts falling -8.5% month-over-month to 1.307 million, below expectations of 1.365 million [3] - Building permits also fell unexpectedly by -3.7% month-over-month to a 5.25-year low of 1.312 million, against expectations of an increase [3] - MBA mortgage applications rose +29.7% in the week ended September 12, with refinancing applications up +57.7% [4] Federal Reserve Actions - The Federal Reserve approved a quarter-percentage-point rate cut and indicated two additional cuts are expected before the end of the year due to concerns over the labor market [1][5] - The market anticipates a total of about 70 basis points in rate cuts by year-end, with a focus on the Fed's new economic forecasts [5] Company-Specific Developments - Uber Technologies is down more than -4% following insider selling by CEO Khosrowshahi, who sold $28.6 million in shares [13] - Manchester United reported a Q4 loss and cut its 2026 revenue outlook, leading to a decline of more than -6% in its stock [12] - Roivant Sciences is up more than +12% after its drug met primary endpoints in a Phase 3 trial [14] - Workday is up more than +8% after an upgrade from Guggenheim Securities [14] - Walmart is up more than +2% following a price target increase from Bank of America [15]

Bitcoin’s fate hangs on Jerome Powell’s every word as traders expect the Federal Reserve to announce its first rate cut in over a year. Markets are pricing in near-certainty of a cut at today’s Federal Open Market Committee, with the CME FedWatch tool flashing 94% odds of a 0.25% rate cut, and a 6% chance of an even deeper 0.50% slash. Polymarket punters give those cuts a 90% and 8% chance respectively. Market watchers, however, reckon that the quarter-point cut is already baked into prices — and it cou ...

Economic Context - The U.S. economy is experiencing volatility due to aggressive tariffs, a weakening job market, persistent inflation, and rising fiscal deficits [1] - Investors are anticipating a Federal Reserve interest rate cut of 0.25% as indicated by Fed Chair Jerome Powell [1] Impact on Clean Energy Sector - The expected rate cut is viewed as a necessary measure to stimulate economic activity and alleviate consumer purchasing power pressure, which should benefit capital-intensive industries like clean energy [2] - Clean energy companies are highly sensitive to interest rates due to the significant upfront investments required for infrastructure such as solar farms and wind turbines [3] Benefits of Rate Cut for Clean Energy - A reduction in interest rates typically lowers financing costs for debt-funded clean energy projects, enhancing the economic viability of solar and wind initiatives [4] - This can lead to increased valuations for clean energy companies and the ETFs that hold them [4] Clean Energy ETFs Performance - Several U.S.-focused clean energy ETFs have shown positive performance since Powell's speech, indicating strong market interest [5] - iShares Global Clean Energy ETF (ICLN) has approximately $1.60 billion in assets, with a 1.5% increase since August 22, and a significant U.S. holding of 28.95% [6][7] - First Trust Nasdaq Clean Edge Green Energy ETF (QCLN) has a total net asset of approximately $470.2 million and has gained 4.3% since August 22 [8] - ALPS Clean Energy ETF (ACES) has a total net asset of approximately $98.4 million, with a 1.7% increase since August 22 [9][10] - Invesco WilderHill Clean Energy ETF (PBW) has a total net asset of approximately $401.7 million and has rallied 3.8% since August 22 [11][12] - SPDR S&P Kensho Clean Power ETF (CNRG) has approximately $159.8 million in assets and has risen 6.6% since August 22 [13] Conclusion - The anticipated Federal Reserve rate cut could create a more favorable financing environment for clean energy companies, potentially enhancing the performance of the highlighted ETFs [14]

Market Overview - The U.S. markets opened with the Dow Jones Industrial Average leading, up by 0.40%, while the S&P 500, Russell 2000, and Nasdaq showed little movement [2] - The Dow is making gains despite negative news affecting Nvidia, which is down by 1.2% [2] Economic Data - Recent housing market data indicates a slowdown, with Building Permits at 1,312,000, below the expected 1.37 million, reflecting a year-over-year decrease of 3.7% [6] - Housing Starts also fell short of expectations at 1,307,000, down 8.5% year-over-year [6] Federal Reserve Anticipation - Investors are awaiting the Federal Reserve's interest rate decision, with expectations of a 25 basis point cut [7] - The Fed's announcement is anticipated to provide insights into future monetary policy and interest rate adjustments [7]

Market Overview - The Federal Reserve is expected to cut rates by 25 basis points, marking its first cut since December, amid pressure from President Trump [1] - Major stock averages remained relatively unchanged, while gold reached its 35th record of the year [1] - The dollar is trading near three-year lows, impacting regional banks negatively, with Bank First, Synchrony Financial, Huntington Bank, and Keycorp among the worst performers [2] Gold and Dollar Dynamics - The rise in gold prices suggests a disconnect with the equity market, as the S&P reached a new all-time high [3] - The dollar's lack of recovery, aside from a brief period, raises concerns about its long-term trajectory [4] - A weaker dollar is generally supportive of equities, but diminishing returns may be approaching [4] Regional Banks Performance - Regional banks have seen significant gains since Liberation Day, up approximately 40%, but experienced sharp declines recently [5] - The expectation was that these banks would benefit from a stronger economic environment, yet their performance contradicts this assumption [5] Economic Outlook and Fed Actions - The Fed's rate cut occurs in a strong economic context, which could lead to increased market activity and potential long-term inflation [6] - Historically, markets tend to rise 12 months after a Fed cut in a strengthening economy, but this may also lead to higher long-term rates affecting mortgage demand [7] - Concerns exist regarding the potential for higher ten-year yields despite the Fed's actions [9][10] Labor Market and Consumer Behavior - Recent labor market data suggests weakening, which could impact other economic sectors and the rationale behind the Fed's rate cut [11] - Consumer behavior remains strong, with retail sales holding up, but this may not reflect overall economic health [11] Governance and Regulatory Considerations - The upcoming Supreme Court case regarding Lisa Cook could influence the composition of the Fed governors and their voting at the next meeting [9][12] - The uncertainty surrounding this situation adds complexity to the Fed's decision-making process [12]

Group 1 - Bitfarms (BITF) stock has achieved a six-day winning streak, resulting in a total gain of 126% during this period, with its current valuation around $1.6 billion [2] - The stock price of Bitfarms is currently 94% higher than its closing value at the end of 2024, contrasting with a year-to-date return of 12.3% for the S&P 500 [2] - Positive investor sentiment is noted for Bitcoin miners, with significant stock price increases for companies like Iris Energy, CleanSpark, and Marathon Digital, driven by expectations of U.S. Federal Reserve interest rate cuts [3] Group 2 - Bitfarms provides cryptocurrency mining services through server farms in North America, validating Bitcoin transactions, and also offers electrical services to commercial and residential clients in Quebec, Canada [4] - A comparison of BITF stock returns with the S&P 500 index indicates that momentum in stock performance can signal increasing investor confidence, which may lead to further buying opportunities [5] - Currently, 23 S&P 500 constituents have experienced three or more consecutive days of gains, while 139 constituents have faced three or more consecutive days of losses [6]

With the Federal Reserve widely expected Wednesday to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months?There are typically two different approaches the central bank takes to lowering borrowing costs: Either a measured pace that reflects a modest adjustment to its key rate, or a much more rapid set of cuts as the economy deteriorates in an often-doomed effort to ...

WASHINGTON (Reuters) -U.S. single-family homebuilding and permits for future construction dropped in August amid a glut of unsold new houses and a softening labor market, shrugging off falling mortgage rates. Single-family housing starts, which account for the bulk of homebuilding, fell 7.0% to a seasonally adjusted annual rate of 890,000 units last month, the Commerce Department's Census Bureau said on Wednesday. Permits for future single-family homebuilding decreased 2.2% to a rate of 856,000 units. Th ...