The biggest news of the past seven days is undoubtedly the arrest of the former CEO of FTX – Sam Bankman-Fried. This took place on December 13th in the Bahamas at the request of the US Government. SBF...
Tag: Inflation
Stock Market Dips After Wholesale Inflation Report, Fed Meeting
| Getty Images Key Takeaways Wholesale inflation rose 0.3% in November compared to October. Year-over-year, wholesale inflation increased by 7.4%, the slowest since May 2021. Even with the slowdown, t...
Inflation softens but stocks still fall, what next?
It’s a funny game of cat and mouse they play, isn’t it? I wrote a piece a couple of months ago which opened with the question “what’s new?”. Stocks had surged to their best two-day return since 2020 f...
UK retail sales slip 0.4% as households feel inflation pinch
UK retail sales suffered an unexpected drop in November as the cost-of-living crisis deepened, signaling a continuing financial struggle for many households. Data released earlier today showed that re...
ECB Raises Interest Rates by 0.5 Basis Points to Curb Inflation
12 seconds ago | 2 mins read Bitcoin News European Central Bank’s benchmark interest rate will rise to 2% from 1.5%. The bank has signaled that it plans to increase interest rates further. The Europea...
ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation – Economics Bitcoin News
The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases a...
Return Of The State – Will Big Government Come Back As Recession Hits?
President Ronald Reagan, campaigning for a second term of office, smiles during a rally speech at … [+] the California State Capitol the day before the 1984 presidential election. (Photo by © Wa...
Retailers Boosted Their October Sales At The Expense Of Their November Results
While shoppers turned out in strong numbers for Black Friday, overall retail spending for November … [+] was down 0.6% from October. (Photo by Jessica McGowan/Getty Images) Getty Images Deep dis...
Fed Sees Further Hikes In 2023, Here’s What Could Change That
WASHINGTON, DC – JANUARY 29: At its December rate decision, the Fed indicated that rates could … [+] exceed 5% for much of 2023, but data could change that (Photo by Samuel Corum/Getty Ima...
Sales fall 0.6% as consumers feel pressure from inflation
A woman carries bags of merchandise from J.Crew, Nordstrom, UGG, and Victorias Secret at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Cons...
How Do Federal Reserve Interest Rate Hikes Hurt Your Retirement Savings?
getty The Federal Reserve just raised interest rates again and continues to take an assertive stand against historically high inflation numbers. What’s that doing to your investment portfolio? “Intere...
Swiss central bank lifts interest rates by 50 basis points to counter ‘further spread of inflation’
The Swiss National Bank hikes interest rates again. FABRICE COFFRINI / Contributor / Getty Images The Swiss National Bank increased its benchmark interest rate Thursday for the third time this year, t...
Bitcoin (BTC) Analyst Says “Pivot Coming” as U.S. Inflation Eases
Vladislav Sopov Seasoned analyst and on-chain researcher Charles Edwards explains why U.S. inflation slowing is crucial for macro cycle Contents Getting ready for major pivot Is Bitcoin (BTC) bottom i...
Stocks are closing out a dismal 2022 as the Fed fights inflation. Here’s what history says comes next.
Stock-market investors have plenty of reasons to feel gloomy heading into 2023: Inflation is still high, the housing market is sputtering and the Federal Reserve just raised interest rates by another ...
Federal Reserve raises interest rate by 0.50 percentage point to curb inflation and sees steeper hikes ahead
WASHINGTON – The Federal Reserve is going slower but aiming higher. The Fed raised its key short-term interest rate by half a percentage point Wednesday, dialing back from recent outsize hikes as it d...
Fed Hikes Rates By 0.50 Percentage Points As Inflation Falls
(Photo by Robert Alexander/Getty Images) Getty Images Key Takeaways Inflation was up just 0.1% in the month of November, bringing the headline annual rate to 7.1%, down from 7.7% last month. Today the...
Fed Now Sees Rates Topping 5% In 2023
Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a … [+] Federal Open Market Committee (FOMC) meeting in Washington, DC, US. Rates are expected to mov...
Fed raises interest rates half a point
The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over despite some promising signs lately. Keepi...
The Fed projects raising rates as high as 5.1% before ending inflation battle
Federal Reserve Bank Board Chairman Jerome Powell answers reporters’ questions during a news conference following a meeting of the Federal Open Market Committee (FMOC) on November 02, 2022 in Wa...
Here’s how health insurance is helping to cool inflation
Natalia Gdovskaia | Moment | Getty Images In an environment of high inflation, health insurance costs are doing the opposite: They’ve begun to deflate, and are poised to continue dropping each m...
As Bitcoin, Stock Investors Cheer US Inflation Slowdown, One Macro Expert Calls for Caution
“Those who find a lower inflation print a good opportunity to buy risk assets should look away now,” Andreas Steno Larsen, founder and CEO of Steno Research, noted in the inflation review ...
Bank of England seen hiking by a half-point as inflation shows signs of peaking
The Bank of England is expected to raise interest rates by 50 basis points on Thursday, with inflation showing signs of peaking but still uncomfortably high at 10.7% in November. Bloomberg | Bloomberg...
Why salaries in the United States don’t keep up with inflation
Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re...
Crypto Fear & Greed index hits 30-day high after better-than-expected inflation, CPI data
Bitcoin (BTC) is currently focusing on reclaiming the $18,000 level as the flagship cryptocurrency shows signs of a possible bullish breakout. With the asset making significant gains above $17,000, th...
Bitcoin Touches $18K on Release of US Inflation Numbers (Market Watch)
The past 24 hours were particularly eventful in the cryptocurrency markets as a storm of news hit from all fronts. In sum, the market reacted positively and topped $900 billion, while Bitcoin skyrocke...
UK inflation falls from 41-year high as fuel price surge eases
Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics. Nathan Stirk | Getty Images News | Getty Images LONDON — U.K. inf...
US CPI Inflation Falls To 7.1%, Bitcoin And Ethereum Price Skyrockets
Bitcoin (BTC) and Ethereum (ETH) prices skyrocketed after the U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) data for November. The CPI in the US falls to 7.1% from 7.7% in Oc...
Crypto and high wages need to crash for Fed to beat inflation
CNBC’s Jim Cramer on Tuesday outlined what needs to happen for the Federal Reserve to finally beat inflation after the monthly consumer price index report showed that prices rose less than expec...
Mortgage rates drop after CPI inflation report
A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida. Getty Images The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mort...
Bitcoin sees CPI volatility as lower inflation sends BTC price to $18K
Bitcoin (BTC) hit new one-month highs on Dec. 13 as United States inflation data sent a surge of optimism through markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price rebound...
Crypto Market Rallies as U.S Inflation Drops to 7.1% For November
17 seconds ago | 2 mins read Bitcoin News The US consumer price index drops from October’s 7.7% to November’s 7.1%. The inflation statistics sent the price of bitcoin (BTC) soaring by more than 6 perc...
Opinion: Opinion: The Fed should pause rate hikes since inflation has slowed — it won’t
The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...