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...
Tag: Inflation
Inflation Is Having Harsher Effects on BTC
A new inflation report is expected to show rates rising approximately 6.5 percent in September, roughly .2 percent higher than what occurred in August. This, per financial institutions like JPMorgan, ...
Retirees Could Beat Inflation With This Investment
When managing your nest egg in retirement, there are a number of decisions to make surrounding which withdrawal rate to use and how to rebalance your portfolio. Perhaps the most key, though, is answer...
The Bright Side of Inflation: Tax Breaks
With inflation on the rise, Americans — the ultra-wealthy, especially — may see new tax breaks in 2023, thanks to adjustments from the IRS. The IRS opted to increase the estate-tax exclusion by $860,0...
Republican Wave Promises Shift In America’s Energy Policy
Senate Minority Leader Mitch McConnell R-KY speaks to the media after a Republican policy luncheon … [+] at the US Capitol in Washington, DC. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/A...
Argentine unicorn Uala debuts crypto trading as inflation rattles country
Buenos Aires-based neobank Uala has started rolling out crypto trading in Argentina, with the feature already available to selected users. Customers can buy and sell bitcoin and ether on the fin...
How Brands Can Turn a Recession Into Marketing Gold
How Brands Can Turn a Recession Into Marketing Gold getty Cutting back marketing and related technology budgets was a leading cause of handwringing among recession-spooked execs at a recent fashion in...
Travel has edge over shopping this holiday season amid inflation
Retailers have a new threat this holiday season: wanderlust. Americans are returning to the skies, filling hotels, swarming theme parks — and they’re showing a willingness to spend more of their...
CBN to unveil new naira notes to improve exchange rate and inflation
The newly redesigned N200, N500, and N1000 notes are expected to enter circulation on December 15, 2022, according to the Central Bank of Nigeria (CBN). Recently, Governor Godwin Emefiele gave a speci...
Bitcoin Tumbles With Stocks Following Fed Chair Remarks on Inflation
Bitcoin quickly followed stocks in a sell-off Wednesday—erasing modest gains—after Federal Reserve Chairman Jerome Powell said the central bank might continue its aggressive monetary policy. Things we...
Bitcoin fails to act as inflation hedge in 2022 despite expectations, study shows
The ongoing high inflationary environment has left investors looking for possible assets to act as a hedge considering the downturn affecting both stocks and cryptocurrencies. Notably, crypto proponen...
Consumer Confidence Report, An Economic Preview
| Getty Images Key Takeaways Consumers are shifting their spending due to inflation, forgoing holiday travel for purchases like food, shelter, and major household appliances. Surprisingly, more Americ...
Inflation to dampen holiday spending, retail trade group forecasts
Shoppers ascend and descend an escalator at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Getting shoppers to spend this holiday season won’t...
Jeep-maker Stellantis expects raw material inflation to ease next year
Engines undergo a final inspection at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Automaker Stellantis expects inflation costs on raw mate...
Labor costs show slower rise, while trade deficit widens and jobless claims nudge lower
The cost of labor rose less than expected, but low productivity helped keep the pressure on inflation in the third quarter, according to Labor Department data released Thursday. Unit labor costs, a me...
U.S. airlines’ pilot contract negotiations turn rocky
Delta Airlines pilots make their way to Terminal 4 to picket for a new contract at JFK International Airport on September 01, 2022 in New York City. Michael M. Santiago | Getty Images U.S. airlines ar...
Fed Chair Jerome Powell—Haunted By The Ghost Of Paul Volcker—Could Tank The Economy
Federal Reserve Chairman Jerome Powell (right) is a big fan of the late Paul Volcker, the Fed chairman who ruthlessly crushed inflation in the early 1980s. L to R: Scott J Ferrell/Congressional Quarte...
Fed approves another jumbo interest-rate hike but also signals go-slower strategy
The Federal Reserve on Wednesday approved the fourth straight jumbo increase in a key U.S. interest rate and signaled rates are likely to go higher than previously forecast. Yet the central bank also ...
Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead
The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflatio...
Latest Forecasts For November’s CPI Inflation Could Worry Fed
Latest nowcast of CPI inflation for the upcoming November and December reports imply that inflation … [+] will stay well above the Fed’s target. (AP Photo/Manuel Balce Ceneta) Copyright 20...
Economists Warn of Severe Recession as Fed Continues Raising Interest Rates to Fight Inflation – Economics Bitcoin News
A growing number of economists have warned about a severe recession in the U.S. if the Federal Reserve keeps up its fight against inflation. “Each adverse development in the outside world implies the ...
As Inflation Hits Meltdown, Which Country Will Be Next To Adopt Bitcoin?
Some of the biggest economic problems among developing countries are the lack of financial inclusion and high levels of inflation. But is Bitcoin a practical solution? Regions like Latin America and A...
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...
A Quarter of Americans Say Inflation, Economy Woes Sparking Interest in Crypto, Poll Finds
Of the 2,000 voters surveyed by Grayscale (which, like CoinDesk, is owned by Digital Currency Group), 37% said they would factor candidates’ policy positions on crypto before casting a vote. However, ...
Goodyear stock falls 11% after Q3 results disappoint on inflation, stronger dollar
Goodyear Tire & Rubber Co. GT, -15.31% shares fell 11% in the extended session Monday after the tire maker reported third-quarter earnings below Wall Street expectations and said “challenges...
Affluent shoppers embrace secondhand shopping
Bargain hunting is certainly not new. But with the Covid pandemic came a surge in “thrifting,” or buying and selling pre-owned goods. At first, some families under financial pressure looke...
Soaring Inflation Data Could Trigger Next Bitcoin (BTC) Collapse, Says Analyst Benjamin Cowen – Here’s His Target
Widely followed crypto analyst Benjamin Cowen says incoming inflation data could largely influence the trajectory of Bitcoin (BTC). In a new video, the analyst tells his 771,000 subscribers that inter...
Opinion: How Powell pivoted away from the Fed’s dovish message and tanked the markets
Fed Chair Jerome Powell is learning on the job. He didn’t repeat the mistake he made in his July press conference, when he said some things that markets interpreted as signs that the Fed was wavering ...