Economy

The crypto market
Bitcoin has been rising for weeks – longest streak in three years

The price of Bitcoin is headed for its seventh straight week of gains, Bloomberg reports. It is the longest bull run since September 2021, just before the bitcoin crash that began in November of that year.

At lunchtime on Sunday, the cryptocurrency is traded for almost 103,000 dollars, corresponding to around 1.1 million kroner.

Since Donald Trump emerged victorious from the election at the beginning of November, the price has risen by roughly 50 percent.

- Trump's embrace of crypto has improved reputation and reduced regulatory risks, commented analyst Strahinja Savic at FRNT Financial, for the news agency.

The Fed vs Inflation
Wall Street is pinning its hopes on the Fed's interest rate path this week

The Federal Reserve's interest rate announcement and update of the interest rate path can breathe life into the real estate rally, which suffered a setback this week, writes CNBC.

In addition to a 25 basis point cut on Wednesday, the market is pricing in three or four cuts over the next year. If that picture is confirmed, Rational Equity Armor manager Joe Tigay believes in a strong finish to the year.

- We may see interest rates fall, we may see the dollar fall and we may see shares rise, he tells the channel.

Plante Moran Financial's Jim Baird warns of the opposite scenario.

"Anything that leads to an expectation that the Fed will act even more slowly going forward than investors expected could lead to some decline in stocks," he told Reuters.

Investors will also scrutinize the Fed's key inflation measure core PCE on Friday, which is expected to have risen 2.9 percent annually in November from 2.8 percent the month before. Signals of continued stubborn inflation may dampen risk appetite on the highly valued record exchanges, writes CNBC.