Markets made big gains off a positive inflation report. (Photo by Spencer Platt/Getty Images) Getty Images Key takeaways Inflation has increased 0.4% in October, below forecasts of 0.6%. This brings t...
Tag: Inflation
63% of Americans support the idea of new stimulus checks to combat hot inflation — and these states are stepping up to offer relief. But will it work?
63% of Americans support the idea of new stimulus checks to combat hot inflation — and these states are stepping up to offer relief. But will it work? High inflation, rising interest rates and labor s...
Encouraging CPI Inflation Report May Signal An Earlier Fed Pause
November’s CPI report for the month of October offered some early signs that U.S. inflation was … [+] falling. That may prompt the Fed to be less aggressive in hiking rates. Photographer: ...
Crypto’s Volatile Week Continues as Inflation Softens to 7.7%
Key Takeaways Inflation has registered a 7.7% increase year-on-year in October. The figure is 0.2% less than the analyst expectation of a 7.9% increase. The crypto market has bounced on the news, but ...
Pound and stocks surge after surprise drop in US inflation
US inflation consumer prices interest rates Federal Reserve dollar – Frederic J. BROWN / AFP The pound has risen sharply after a surprise cooling in US inflation boosted hopes that the Federal R...
BTC, ETH Extend Declines Following FTX Saga, Markets Now Look Towards US Inflation Report – Market Updates Bitcoin News
Cryptocurrencies continued to crash on Thursday, as market sentiment surrounding the FTX saga remained on the minds of traders. Bitcoin fell below $16,000 late on Wednesday, with prices remaining clos...
Consumer prices rose 0.4% in October, less than expected, as inflation eases
The consumer price index rose less than expected in October, an indication that while inflation is still a threat to the U.S. economy, pressures could be starting to cool. The consumer price index, a ...
Fed may need to hike interest rates above 6% to crush inflation, Larry Summers says
Stubbornly high inflation could force the Federal Reserve to aggressively raise interest rates above 6%, the highest in more than two decades, according to former Treasury Secretary Larry Summers. The...
World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140% – Coinotizia
Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The c...
Friday’s Inflation Data May Have More of a Rates Impact Than CPI
(Bloomberg) — Traders are laser focused on Thursday’s key US consumer price figures, but inflation data a day later may be even more important in determining the near-term outlook for global mar...
World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140% – Economics Bitcoin News
Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The c...
Inflation likely eased slightly from last month
U.S. inflation likely remained stubbornly high last month despite efforts by the Federal Reserve to get a grip on prices that have surged at a historic pace. The Bureau of Labor Statistics’ Cons...
US Inflation to Cool Only Slightly, Keeping Big Fed Hike in Play
(Bloomberg) — US inflation probably moderated just slightly in October data due Thursday, and yet another above-forecast reading may dash expectations for the Federal Reserve to downshift from s...
Why Is Inflation So High Still? The Main Drivers Of Rising Prices
| Getty Images Key Takeaways High inflation can be attributed in part to supply chain issues, steady demand, and energy uncertainty. The Federal Reserve has raised interest rates to combat inflation. ...
Meet The Quirky Discount Grocer Making Billions By Solving Inflation
© 2019 Bloomberg Finance LP Grocery Outlet is benefiting from supply chain disruptions, happily selling mountains of overstocked wine, meat, cheese and snacks at bargain-basement prices to American fa...
The inflation Biden overlooked
For the last six months, President Biden and his top advisors have obsessed over gasoline prices, for obvious reasons. That’s because no single price rattles consumers as much as the cost of gas...
Demand for USDT Erupts in Lebanon as Rising Inflation Kicks In ⋆ ZyCrypto
Advertisement     The U.S. dollar-pegged stablecoin issued by Tether, USDT, has been rising in popularity in Lebanon amid rising inflation that has made access to fore...
Dow Jumps 400 Points As Midterm Elections Set Stage For ‘Impressive Rally’—Here’s Why This Is Normally A Good Time For The Market
Topline Major stock indexes rose Monday as investors prove optimistic about U.S. midterm elections Tuesday that could break up Democratic control of Congress—this is why experts expect midterms to be ...
Election Results, Inflation Data On Deck; Tesla Hits New Low
Dow Jones futures were higher ahead of Tuesday’s open and the U.S. election results. Key inflation data, including the Consumer Price Index, is due out later in the week. X Republicans almost ce...
Prepare For A Favorable U.S. Inflation Report
The return of good investment returns produces smiles getty Economists see a still high CPI inflation coming in the October U.S. Bureau of Labor report (Thursday, Nov. 10 at 8:30 AM). Per Econoday con...
Why Higher Interest Rates Won’t Solve the Inflation Problem
Interest rates are heading higher, and the economic toll from the rapid, ongoing rise in the cost of credit is only starting to unfold. But higher rates won’t fully fix the inflation problem. There ar...
Stocks Higher, Week Ahead, Apple, Warren Buffett-5 Things To Know
Five things you need to know before the market opens on Monday, November 7: 1. — Stock Futures Edge Higher With Fed Path, Mid-Terms In Focus U.S. equity futures edged higher Monday, while the do...
What To Expect From The Final Fed Rate Decision Of 2022
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market … [+] Committee meeting, Wednesday, Nov. 2, 2022, in Washington. (AP Photo/Patrick Semansky) Co...
An S&P 500 ETF delivering double-digit percentage dividends
Investors may want to consider JPMorgan’s Equity Premium Income Fund ETF in order to get more reliable gains in the current volatile market environment. According to the firm, the ETF uses S&...
Is Bitcoin Still Hedge Against Inflation? BTC Markets Correlation
Cryptocurrencies are becoming increasingly dependent on the macroeconomic environment of which they inevitably become a part. Unfortunately, current inflation rates in the United States, Europe, and m...
Retailers Should Expect A ‘Ho-Ho-Hum’ Holiday 2022
Frustrated Santa Claus. Santa Claus suffering from headache. getty The National Retail Federation just released its Holiday 2022 forecast predicting that November and December retail sales will advanc...
US Inflation to Pose Fresh Test for Powell’s Fed: Eco Week Ahead
(Bloomberg) — The Federal Reserve gets fresh insight into its inflation challenge this week amid expectations US prices continued to rise at a stubbornly fast pace in the past month. Most Read f...
While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200% – Coinotizia
Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has rise...
Inflation is killing us; cryptocurrency alone cannot beat it
Much like a pandemic, inflation has spread throughout the world, clouding the future with dark uncertainty. Disagreement over how to best manage soaring prices in the United Kingdom nearly caused its...