With Bitcoin (BTC) down 72% from its all-time high, the global cryptocurrency market seemed to be a shambles throughout the third quarter; however, long-term indicators pointed towards a maturing mark...
Tag: Inflation
Brace yourselves, the Fed is about to inflict ‘some pain’ to fight inflation — here’s how to prepare your wallet and portfolio
The Fed is ready to bring the pain. Are you prepared? Weeks ago, Federal Reserve Chair Jerome Powell cautioned there would be “some pain to households and businesses” as the central bank jacks up inte...
Tether: Bitcoin inflation probe takes new turn; can USDT withstand the pressure
Tether [USDT] seems to have returned to hitting the rocks. In a new development, a New York court ordered Tether to provide its financial records to prove its innocence in a case that saw it cost cryp...
Fed Hikes Rates By 75 Basis Points—Here’s Why It’s Not All Doom And Gloom For Investors
Near-term risks remain high, but investors who stay focused on the long-term have historically been rewarded. Manuel Balce Ceneta/Associated Press In a widely expected move on Wednesday, the Federal R...
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation – Economics Bitcoin News
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week t...
Fed approves third large interest rate hike and signals more before year-end
The Federal Reserve on Wednesday stepped up its aggressive fight against high inflation by agreeing to the third straight super-sized increase in interest rates and signaling more big hikes before the...
Rates raised by three-quarters of a percentage point
The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. In its quest to bring d...
The Fed forecasts hiking rates as high as 4.6% before ending inflation fight
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve, July 27, 2022 in Washington, DC. Drew Angerer | Getty The Federal Reserve ...
Here’s everything the Federal Reserve is expected to do today
Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images There’...
Fed should hike interest rate rates 150 basis points: Wells Fargo
It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal Reserve is raising rates too slowly, telling CNBC’s R...
Is Inflation Slowing Down? Investors Are Always Look To Get Ahead Of The Fed Meeting
| Are investors jumping the gun on the Fed? Getty Images Key Takeaways The recent inflation data indicates that prices aren’t rising as quickly as they were, but they are still rising. Despite numerou...
Argentine Inflation Skyrockets to Almost 80% YoY –
Crypto Adoption Grows in Argentina Argentina’s Inflation Rate – 78.5% Prices rose by 7% MoM Argentine expansion numbers were uncovered last week, with the interannual Shopper Value File (CPI) enroll...
In The Fed’s Inflation Fight, Biotech May Be The First Casualty
Serious thought should be given to the effect the anticipated Federal Reserve 0.75% rate hike will have on the biotechnology industry and consequently on the health of the nation. Given we are in the ...
Market rallies will be sporadic until inflation comes down
CNBC’s Jim Cramer on Tuesday said market rallies will be short-lived as long as inflation remains persistent. “Sometimes you don’t need to know the price of the Dow, you just need to...
4 things to watch when the Fed delivers its rate-hike decision
The Federal Reserve is raising rates on Wednesday. That much is certain. Beyond that, there are weighty questions about whether the central bank’s efforts to bring down inflation can succeed without c...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
Inflation, Supply Chains And Globalization In 2022 And 2023
The Yangshan Port in Shanghai, China (Photo by In Pictures Ltd./Corbis via Getty Images) Corbis via Getty Images Did globalization bring down inflation in the 1990s and 2000s, and will de-globalizatio...
Interview with Noble Gold Investments CEO: Gold as Hedge Tool against Inflation?
Zimbabwe’s Central Bank launched gold coins in July as part of efforts to help curb surging inflation amid a slump in the country’s currency. The move sparked interest in whether gold coul...
Biden Slammed After Stating Inflation Hasn’t Spiked for Months — ‘I Am More Optimistic Than I’ve Been in a Long Time’ – Economics Bitcoin News
U.S. President Joe Biden has shared his perspective on inflation. “I am more optimistic than I’ve been in a long time,” he said, noting that inflation has not spiked for several months. Many people di...
Intuit CEO sees healthy consumer spending, but inflation is key worry
Intuit sees strong consumer spending despite persistent inflation dogging the economy, company CEO Sasan Goodarzi told CNBC’s Jim Cramer on Monday. Goodarzi noted that the financial software fir...
Elon Musk Warns Again About Troubles Ahead
Elon Musk is worried about the future of the economy. The CEO of electric vehicle maker Tesla (TSLA) has been repeating for the past few days his fears about what awaits the economy as the Federal ...
When Is October’s CPI Report, And What To Expect From It
BENSENVILLE, ILLINOIS – SEPTEMBER 12: A person purchases gas at a Shell station on September 12, … [+] 2022 in Bensenville, Illinois. Lower fuel prices have recently brought down inflation...
Ether plummets 20%, trading below $1,500: This week in markets
Crypto markets were roiled by inflation data from the U.S. on Tuesday and Ethereum’s successful Merge on Thursday did nothing for prices. Bitcoin was down 8.49% at $19,832 over the past week, wh...
Key Inflation Figures From The Institute For Supply Management (ISM) That Investors Need To See
| Getty Images Key Takeaways The ISM Manufacturing Index is a leading indicator that shows the health of the manufacturing industry. Current signs are pointing to inflation beginning to ease slowly. I...
Whither Real Estate
(Photo by Justin Sullivan/Getty Images) Getty Images There can be little doubt that for as long as the Federal Reserve (Fed) remains committed to its anti-inflation tightening policies, housing – sale...
UK August inflation statistics: consumer price index rose 9.9% as gas prices dropped
For the first time in over a year, the UK consumer price index dropped in August as gas prices declined, giving an unexpected respite to the Bank of England and consumers. However, with the cost of li...
BlackRock CEO Larry Fink’s comments about inflation and remote work show poor judgment
BlackRock CEO Larry Fink claimed in a recent interview with Fox that “we have to get our employees back in the office” and that doing so will result in “rising productivity that will offset some of th...