Worldwide Financial Planning

This ETF is different to the Bitcoin ETFs created in 2021, as they actually hold the physical asset – the coin, as opposed to betting through futures.

The Core Personal Consumption Expenditure Price Index is a significant measures of US inflation as it is closely watched by the Federal Reserve. After appearing stubbornly high at the previous two readings, the small move down this month has been welcomed by those concerned that central bank rate cuts were in danger of being delayed.

In the second of what will be a series of columns on cryptocurrency (Bitcoin et al) I’ll cover each of your concerns but remember that the thinking that applies to the logic of Bitcoin or other such ideas, applies to most financial matters.

An end to the interest rate hiking cycle would be welcomed by US consumers, who have seen new US mortgage rates spend four weeks above 7% for just the third time this century. Despite this, new home loan applications increased by 2.3% in the week ending August 25.

While the market is easily fooled by headlines so too, unfortunately, are central banks. The true state of the economy won’t be clear for months so policy makers have to make do with the data they have, while the impact of today’s decisions won’t be apparent for another year.

The outlook hasn't really altered but investors are expecting both inflation and interest rates to remain higher for longer.