announce their participation. one of them former vice president mike pence submitted his government forms today. correspondent mark meredith is on the story tonight. good evening, mark. bret, good evening, like you said, it s getting bigger by the day. the three men jumping into the race this week are all former prominent trump supporters. clear candidates feel more comfortable taking on the frontrunner. the question remains will republicans want an alternative next year. hello, iowa. former vice president mike pence is challenging donald trump for the demonstration. today pence filed his paperwork with the fec and will formally roll out his campaign in iowa on wednesday. republican primary voters are going to look at the field, think very deeply about who can best carry our message and carry majorities to victory. pence will face considerable competition including from south carolina senator tim scott who tonight is generating considerable buzz after appearing on
New reports indicate that inflation meaningfully declined last month, a development that investors are interpreting to mean that the Federal Reserve is likely done with raising interest rates and may start cutting them before long.
Key Insights: Bitcoin (BTC) price briefly broke above the $28,500 territory on Monday as the recent Fed Rate Pause and Ethereum Futures ETF approval boosted investor confidence across the crypto markets. In the last 14 days, Bitcoin miners have capitalized on the favorable prices to sell off nearly 10,000 BTC of their block rewards in reserve. A vital on-chain indicator also shows that the $28,200 territory could pose a significant resistance. Bitcoin (BTC) price briefly broke above the $28,500
A senior US Federal Reserve official stated that the central bank can afford to wait for now, but did not rule out another rate hike in the future to tackle inflation. The Fed has raised interest rates 11 times since last year to control inflation, but inflation remains above the target of 2%. The US job market has also shown signs of softening. The Fed governor s comments align with the cautious view expressed by the Fed Chair. Investors and analysts expect the Fed to pause its hiking cycle at the next rate-setting meeting in September.
Reversing direction, the U.S. dollar fell against its major counterparts in the New York session on Monday, after a data showed that nation's service sector growth slowed more than expected in May.