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Bitcoin slips as U.S.–China détente lacks detail and Fed tempers easing hopes

Bitcoin extended its retreat on Thursday as traders parsed upbeat—but thin—headlines from a meeting between U.S. and Chinese leaders and a Federal Reserve message that offered little comfort to dovish hopes. The world’s largest cryptocurrency fell 2.5% to $110,225 by 01:52 ET (05:52 GMT), unwinding much of last week’s rebound …

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Australian Inflation Rises, Complicating RBA Outlook

Headline takeaways CPI +1.3% q/q (vs. 1.1% cons., 0.7% prior); +3.2% y/y (vs. 3.0% cons., 2.1% prior). Strongest quarterly rise since Mar-2023; highest annual print since Jun-2024 (3.8%). (ABC) Trimmed mean accelerated to +3.0% y/y and +1.0% q/q, topping expectations—signalling underlying pressure beyond headline volatility. (ABC) Electricity +9.0% q/q was …

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