Welcome to our article, where we take a deep dive into the pre-history of Bitcoin, the revolutionary digital currency that has disrupted the traditional monetary system. In this piece, we explore the ...
Tag: 40Year
USD/JPY price forecast amid inflation reaching a 40-year high
As the end of the trading year nears, one of the most exciting market moves in 2022 was the Japanese yen’s sharp decline. All JPY pairs moved higher, but one, in particular, stands out of the crowd – ...
Why did inflation surge to 40-year highs? Here are 4 causes of the Fed’s mistake
The first was being unaware that the foundation of the U.S. banking system had been eroded away by complex mortgage securities that carried high credit ratings but turned out to be toxic during a broa...
UK Inflation Figure Retests 40-Year High with Soaring Living Costs
With the growing inflation in the UK, many consumers are already planning a conservative holiday season according to a survey from McKinsey & Company. Inflation is burning hot in the United Kingdo...
UK Inflation Surges to 40-Year Highs, What Does it Mean for Bitcoin?
The inflation rate in the United Kingdom surpassed 10% for the first time in the past 40 years. Local economists warn that the figures could rise to 11% in the following months, driven by soaring food...
Crypto winter resumes as U.K. inflation hits 40-year high
In recent days, the United Kingdom’s economy has had a detrimental effect on the crypto market. The crypto market lost momentum on Wednesday as U.S. stock futures increased ahead of big firms’ quarter...
U.K. Inflation Soars To 10.1%—A 40-Year High As Cost-Of-Living Crisis Bites
Topline The rate of inflation in the U.K. jumped to a 40-year high in September amid soaring food and energy prices, deepening the country’s cost-of-living crisis and ramping up pressure on beleaguere...
Core US Inflation Rises to 40-Year High, Securing Big Fed Hike
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg A closely watched measure of US consumer prices rose by more tha...
Inflation remained near 40-year high in August as CPI rose 8.3%
Inflation rose more than expected in August even as prices moderated from four-decade highs reached earlier this year. The Consumer Price Index (CPI) in August reflected an 8.3% increase over last yea...
U.K. Inflation Hits 40-Year High Of 10% As It Bucks G7 Trend—And It’s Expected To Get Worse
Topline Consumer price inflation in the U.K. soared past 10% in July—the highest it has been in 40 years—the U.K.’s statistics office reported on Wednesday, a figure the nation’s central bank expects ...
‘The real mortgage rate is a negative number.’ As inflation stubbornly sits at a 40-year high, do current mortgage rates look better than they seem?
What is the so-called ‘real mortgage rate’ and does it matter? Getty Images/iStockphoto I write about mortgage rates every week, but recently, I’ve heard some sources chattering about what’s called th...
U.S. inflation surges again and stays at 40-year high, key price gauge shows
The numbers: A key gauge of U.S. inflation rose a sharp 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still intense and unlikely to relent quickly. The incre...
UK Inflation Data Shows Historic Surge to 40-Year High at 9.4%
The Bank of England is considering a 50 basis points rate hike next month which would be the single biggest increase in over 30 years. The United Kingdom announced its inflation data for June 2020 whi...
Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High – Economics Bitcoin News
Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the ...
Michael Saylor Sings Bitcoin’s Praises As U.S. Inflation Jumps To New 40-Year High ⋆ ZyCrypto
Advertisement     The founder of the business software company MicroStrategy remains one of the most vocal evangelists of the oldest cryptocurrency. Many times in the ...
Inflation Rises Again To 40-Year High—But Gas Prices May Help Drive That Down Soon
Topline Inflation is at its highest level since November 1981, according to data released by the Labor Department Wednesday, with consumer prices rising 9.1% from June 2021 to June 2022 and 1.1% from ...
U.S. Inflation Hits 40-Year High of 9.1%
Key Takeaways U.S. inflation hit a 40-year high of 9.1% in June 2022, the U.S. Bureau of Labor Statistics confirmed today. Rising energy and gas costs were the biggest contributors to the surge. Bitco...
Inflation Spiked 9.1% In June—Hitting New 40-Year High As Price Surge Fuels Recession Fears
Topline As rapid inflation fuels growing recession fears, new data showed consumer prices rose 9.1% in the 12 months ending in June, hitting a worse-than-expected 40-year high after an unprecedented s...
Inflation Likely to Climb to New 40-Year High
“In December, we expect the interest rate will quickly reach 350 basis points or higher (3.5%+), and it will likely remain in the 350~400 basis points range or higher throughout 2023 to curb hig...
U.S. stock futures inch up ahead of CPI data that could show inflation at 40-year high
U.S. equity futures inched higher on Wednesday, though trading was timid ahead of U.S. data that could show stubborn inflation forcing a faster pace of rate rises from the Federal Reserve. How are sto...
As inflation hits a 40-year high, here’s how to rethink emergency savings
How much do you really need in your emergency fund? Getty Images/iStockphoto You’ve likely long heard that you should have 6-9 months of expenses socked away in your emergency fund – ideally in a safe...
Crypto plunges to its worst over the weekend as US inflation hits a 40-year high
Bitcoin and Ether suffered losses over the weekend as cryptocurrencies fell on Sunday amid a broader selloff by the crypto sector following data showing US inflation hitting a new 40-year high. Bitcoi...
Bitcoin price falls under $29.5K after ‘unexpected’ 40-year high US inflation
Bitcoin (BTC) fell sharply on June 10 after surprisingly high inflation data from the United States rattled markets before the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: Trading...
U.S Inflations Records 40-Year High Suppressing Crypto Market Further
10 hours ago | 2 mins read Bitcoin News The Federal Reserve is expected to raise the interest rate by 50 basis points. The Terra ecosystem crash caused a ripple effect across the market. The Consumer ...
US Inflation Quickens to 40-Year High, Pressuring Fed and Biden
(Bloomberg) — US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an ...
AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40-Year High – Market Updates Bitcoin News
AVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States. Data showed that inflation is currently at 8.6%, which is close to a 40-yea...
CPI news sends stocks tumbling: inflation rate hits 40-year high
The Dow Jones Industrial Average is down more than 800 points on Friday after investors reacted negatively to the latest inflation data in the US. The consumer price index (CPI) data for May showed p...
The Fixx’s Cy Curnin On The Band’s New LP ‘Every Five Seconds’ And Their 40-Year Recording Legacy
The Fixx. © Liz Linder Photography 2019 Forty years ago, the British New Wave rock band the Fixx released their debut album Shuttered Room. That record, which contains the now-classic songs “Red Skies...
Bitcoin sinks in reaction to US Consumer Price Index hitting 40-year high at 8.6%
? Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin’s (BTC) price sank following the latest U.S. Consumer Price Index (CPI) release, which showed that the index had hit 8...
Inflation Unexpectedly Spiked 8.6% In May—Hitting 40-Year High As Gas Prices Surge Again
Topline Consumer prices rose 8.6% in the 12 months ending in May, unexpectedly returning to record levels—and climbing at the quickest pace in four decades—amid an unprecedented surge in gas prices. A...
Warren Buffett is holding these stocks for the massive free cash flow — with inflation near 40-year highs, you should too
Warren Buffett is holding these stocks for the massive free cash flow — with inflation near 40-year highs, you should too Wall Street pays a ton of attention to company earnings. But reported earnings...