McFinance Newsletter

 Hello McFinancers! The latest in financial news: Bitcoin has completed its fourth halving this week. Bitcoin’s Latest Halving Over the past week, Bitcoin completed its fourth halving. This has cut the reward rate for miners from 6.25 BTC for every block to 3.125 BTC for every block. When Bitcoin first started the reward for mining blocks was 50 BTC then after the first halving in 2012 it was reduced to 25 BTC. The second halving in 2016 reduced the reward to 12.5 BTC. Then the halving in 2020 reduced the reward rate to 6.25 BTC. Previous Three Halvings Looking into the past of the Bitcoin halvings and the impact it has on price can be inspiring to new investors and give FOMO. Over the past three halvings, the price of Bitcoin has usually been low or decreased. But within 12-18 months, the price of Bitcoin skyrockets to new all-time highs. The previous halvings have seen the price of Bitcoin explode to new all-time highs. While no one can predict the future or the price of Bitcoin,...

 Hello McFinancers! The latest in financial news: the release of March CPI numbers, the S&P downgrade banks, and Maine joining the national movement to switch to a popular vote. Latest CPI Numbers During the past week, the Bureau of Labor Statistics (BLS) unveiled the latest figures for the Consumer Price Index (CPI) in March 2024. The data revealed a 0.3% point increase compared to February, serving as a vital measure for tracking inflation. Amidst speculation about potential rate cuts by the Federal Reserve this year, the recent uptick in CPI casts uncertainty on such actions. The Federal Reserve has consistently communicated its reluctance to lower rates until inflation dips below the 2% mark. However, with the CPI hovering between 3-4% in recent months, the likelihood of further rate hikes looms until inflation retreats below the desired threshold. Numerous studies have explored the intricate relationship between inflation, interest rate adjustments, and the impact on vario...