Five months after ethereum (ETH) transited to a proof-of-stake consensus system via the Merge, the network’s inflation has drastically dropped, on-chain data on Jan. 16 reveals. Ethereum inflation fal...
Tag: Inflation
Bitcoin Surges on Inflation Tailwinds, Hovers Near $21K
Ether followed a similar pattern to bitcoin, continuing its late-week momentum into Saturday to hit a two-month high before falling slightly. ETH was recently changing hands above $1,550, approximatel...
Martin Marietta Stock Can Thrive in Both Inflation and Deflation
Despite a solid start to 2023, the stock market could still get rocky. That’s where sand and gravel supplier Martin Marietta Materials comes in. Martin Marietta (ticker: MLM) is a producer of aggregat...
Bitcoin Price Hits ‘Greediest’ Point in 4 Months as It Flirts With $19K
Digital assets are flashing signs of a potential short-term price recovery following a breakdown in the market last year and more than two months of subsequent sell-side pressure. Bellwether crypto bi...
Is Inflation Slowing Down? What The Latest Data Shows And What It Means For Your Portfolio
| Getty Images Key Takeaways Inflation has been on a downward trend since July 2022, but that doesn’t mean we are out of the woods. While the Fed aims to bring inflation down to 2% or less, the latest...
XRP up 28% in Trading Volume Amid Major Inflation Report
Gamza Khanzadaev XRP soars 28% in trading volume amid major CPI report by US Fed According to Nomics, XRP’s total trading volume on all of the cryptocurrency exchanges on which it is listed has ...
Inflation Isn’t the Stock Market’s Biggest Problem Now. Deflation Is.
Generationally high inflation was the story of 2022. That’s not going to be the story of 2023. The boogeyman of disinflation—and even some deflation—is about to become the biggest risk to stocks, and ...
Bitcoin Surges Above $21,000 Amid Optimism Around Inflation, FTX
(Bloomberg) — Bitcoin surged over $21,000 on Saturday amid optimism that it may have bottomed and inflation may have peaked. Most Read from Bloomberg The largest cryptocurrency rose as much as 7...
BTC could retest $19k mark, boosted by current U.S. inflation rates, details inside
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. BTC could retest the $19.00K mark. A break below ...
World Bank Warns Of Global Recession Risk
Getty Images Key takeaways The World Bank issued a bleak global growth outlook this week, revising last June’s projections down from 3% to 1.7% A significantly downgraded U.S. outlook hit particularly...
Why inflation hit these 10 items hardest in 2022
David Paul Morris/Bloomberg via Getty Images Inflation popped in 2022 to a level unseen in four decades. But prices ballooned more rapidly for certain items than others, largely concentrated among foo...
Here’s how to get a faster tax refund during the 2023 filing season
Bill Oxford | E+ | Getty Images Despite falling inflation, many Americans are still struggling financially and will need their annual tax refund to help cover the basics. Some 30% of Americans overal...
For the Fed, ‘3% is the new 2%’ when it comes to inflation
A version of this article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 13, 2023 Today’...
Stocks Higher, JPMorgan, Tesla, Boeing, Delta – 5 Things To Know
Five things you need to know before the market opens on Friday January 13: 1. — Stock Futures Drift Higher, Yields Slide, With Earnings On Deck U.S. equity futures edged edged higher Friday, whi...
Fed officials see ‘eye-popping’ inflation data in rearview after December slowdown
Inflation pressures eased again in December, giving some Federal Reserve officials more confidence that a continued slowdown in its interest rate increases is warranted. In the final month of 2022, in...
Crypto Market Mixed Reaction To December CPI Inflation Data
December inflation data release: The CPI data for December came in on the expected lines, with inflation rising by 6.5%. The US Bureau of Labor Statistics released the Consumer Price Index (CPI) data ...
December’s ‘very favorable’ inflation read could signal the ‘final phase of the bear market’ and stave off a recession, experts say
Investors have been eagerly anticipating December’s consumer price index (CPI) data, but now that it’s out—the reaction is muted. The S&P traded up just 0.6% by midday on Thursday after the Bureau...
Crypto Markets Unsure What to Make of Latest Inflation Figures
Crypto markets whipsawed in reaction to the latest inflation data, which indicated a mild decline in line with analysts expectations. The Consumer Price Index (CPI) declined 0.1% in Dec., according to...
Crypto rallies on lower inflation figures
As December inflation figures fell to 6.5% Bitcoin led the crypto market in a continuance of its rally. Price inflation much lower The consumer price index (CPI) figures came in today, and on an annua...
Why Are Egg Prices Still So High? It’s Not The Reason You Think
Topline The median cost of a dozen eggs in the U.S. remains $4.25—over twice what it was a year ago—and while increased inflation in 2022 has contributed somewhat, the real reason egg costs remain hig...
When The Gold Dust Settled
UNITED STATES – APRIL 23: Gold dust on the scales, Klondike, Alaskan gold rush, Alaska, United … [+] States of America. (Photo by DeAgostini/Getty Images) De Agostini via Getty Images With...
Bitcoin approaches $19,000, rises 8% following inflation data
Cryptocurrency prices are surging following the U.S. inflation report and crypto-related stocks were mostly higher. Bitcoin was trading at $18,677 at 1:30 p.m. EST, up 8% over the past 24 hours...
Inflation rises 6.5% over last year
Inflation rose at a slower rate again in the final month of 2022, a welcome downtrend in consumer prices after the Federal Reserve raised interest rates to the highest level in 15 years. The Consumer ...
Inflation Cools, But Less Demand Doesn’t Mean Recession Imminent
Eggs are displayed at a grocery store, Wednesday, Jan. 11, 2023, in Marietta, Ga. The national … [+] average price for a dozen eggs hit $3.59 in November, up from $1.72 a year earlier, according...
Over $320,000,000 in Bitcoin and Crypto Liquidated in Last 24 Hours As Inflation Data Triggers Market Bounce
Hundreds of millions of dollars worth of Bitcoin (BTC) and other crypto assets have been liquidated in the last day as new inflation triggers a bounce for the markets. According to the U.S. Bureau of ...
Inflation Records Biggest Drop In Almost 3 Years
(Photo credit should read JOHN THYS/AFP via Getty Images) AFP via Getty Images Key Takeaways Inflation fell in December, with the overall Consumer Price Index (CPI) falling 0.1% for the month. It’s th...
Inflation Is Creeping Up On The Rich
| Getty Images Key Takeaways Rapper Cardi B took to Twitter to highlight high grocery costs. The latest Consumer Price Index report indicates costs have risen by 7.1% in the last year. The rising cost...
Time for the Fed to declare victory on inflation? Not yet
A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13, 2022. Michael Nagle | Xinhua News Agency | Getty Images December’s monthly decline in the consum...
Bitcoin above $18,000 as US inflation slows in December
Inflation in the U.S. increased by 6.5% year-on-year in December and decreased by 0.1% month-on-month. Cryptocurrencies and traditional stock markets were buoyed as CPI data met estimates. Bitc...
Inflation has fallen. Is it time to buy inflation protected bonds?
Good news, especially for retirees: Inflation has fallen. The official rate has just tumbled to 6.5% — down from 9.1% last June. And while 6.5% is still a hefty hike in prices, that’s just the annual ...