The Federal Reserve is widely expected this week to raise its benchmark interest rate by 0.75 percentage points in an effort to slow the economy as a way to cool inflation. “What the Fed was doing ear...
Tag: Inflation
Argentine Inflation Skyrockets to Almost 80% YoY as Crypto Adoption Grows – Economics Bitcoin News
Argentine inflation numbers were revealed last week, with the interannual Consumer Price Index (CPI) registering record levels reaching 78.5%. This puts the country second only to Venezuela in Latam i...
Nigerian Inflation Rate Rises to 20.52% in August — Month-on-Month Rate Drops – Africa Bitcoin News
While Nigeria’s year-on-year inflation rose for the seventh straight month to 20.52% in August 2022, the latest data from Nigeria’s National Bureau of Statistics shows that the month-on-month rate dec...
Electric Bills Soar Across the Country as Winter Looms
U.S. utility customers, faced with some of their largest bills in years, are set to pay even more this winter as natural-gas prices continue to climb. Natural-gas prices have more than doubled this ye...
Fed Tilts Toward Third 75 Basis-Point Hike on Stubborn Inflation
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve officials are on track to raise interest r...
Why is inflation still so high right now, and when can we expect it to finally stop?
Why is inflation still so high right now, and when can we expect it to finally stop? By the end of 2022, inflation will be the year’s biggest buzzword. Not only in the U.S., but around the world. Don&...
Gloom Or Doom For Global Economy? Vanguard Gives 65% Recession Odds
Wall Street is daring Fed Chairman Jerome Powelll to stop raising rates. But without a real … [+] recession and with inflation at 40 year highs, why stop now? (Photo by Kevin Dietsch/Getty Image...
Investors Betting On Persistent Inflation Can Cash In Using This Trade on TLT Stock
Inflation has continued to remain well above Federal Reserve and analyst expectations. This has driven expectations for further interest-rate hikes. X While Treasury yields have surged — with the 20-y...
Markets Roiled by Inflation Leave Investors With Nowhere to Hide
(Bloomberg) — For investors burned by inflation, a very bad year is starting to look even worse. Most Read from Bloomberg As stock prices tumbled and bonds were hit with the deepest losses in de...
Fed Leads 500-Basis Point Global Assault on Inflation: Eco Week
(Bloomberg) — The US Federal Reserve and a number of its global counterparts will launch a rapid-fire attack on inflation in the coming week as their commitment to bringing consumer prices under...
Scoring The Inflation Debate
Over the past year, there has been a deluge of commentary about “inflation.” This has included my recent book coauthored with Steve Forbes and Elizabeth Ames, appropriately titled: Inflation. In that ...
Can the Fed tame inflation without crushing the stock market? What investors need to know.
The Federal Reserve isn’t trying to slam the stock market as it rapidly raises interest rates in its bid to slow inflation still running red hot — but investors need to be prepared for more pain and v...
Turkey For Thanksgiving 2022 Isn’t Looking Cheap, How Inflation Works, More On Strike
Inside the fence of a Lower East Side garden, I worked the late shift at my New York City neighborhood’s community-supported agriculture share last night. I loved every minute. I weighed out potatoes ...
How Stablecoin Innovation Could Offer a Hedge Against Inflation
Industry insiders once touted Bitcoin as an inflationary hedge, but economic reality has called this logic into question. Can a stablecoin provide the solution that Bitcoin can not? Today Bitcoin is t...
Markets Are Spooked by Inflation. Cathie Wood and Elon Musk See a Bigger Issue
It’s no secret that investors are worried about runaway prices for goods and services, with the stock market on track to post its worst weekly run since mid-June and also nearing its worst performance...
A further 27% drop in the S&P 500 could be coming if inflation hawks are right, Goldman Sachs team warns
Not exactly TGIF this Friday. What the sellside is slowly realizing is not just that the Fed is going to be aggressive in September after the latest shocking inflation figure, but that the central ban...
How To Use AI To Maximize Your Inflation Relief Payments
Getty Images Key takeaways Over a dozen states have or will send inflation relief payments to citizens to lessen the burden of inflation AI can maximize your returns by analyzing greater volumes of in...
Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
(Bloomberg) — Argentina’s central bank raised its benchmark interest rate Thursday in a bid to prop up its currency and curb inflation nearing 100%. Most Read from Bloomberg The central bank boo...
BofA predicts breakout in mergers due to downcycle
Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the ec...
In Pursuit of Higher Revenues, Weapons Contractors Exaggerate Impacts of Inflation
Not surprisingly, weapons contractors want as much taxpayer money as the political market will bear. Part of their job is to maximize revenue, profits, and share value. That’s why the nation’s civilia...
Crypto Analyst Warns To Stay Cautious on Bitcoin As Inflation Data Puts Pressure on BTC
A leading crypto analyst is warning his followers about possible Bitcoin (BTC) pitfalls as inflation data puts the pressure on the king crypto. In a new strategy session, crypto trader Benjamin Cowen ...
UK inflation falls for the first time in a year
Falling gasoline prices pushed the British inflation rate below 10% in August, in the first easing of upward pressure on the cost of living in nearly a year. UK inflation falls Experts say this first...
How to save money as food inflation jumps more than 11% in a year
Going to the grocery store isn’t getting any cheaper. Rising food costs helped push inflation higher again last month, despite a drop in gas prices. The food index alone rose 11.4% over the past...
Retail sales August 2022:
People shop at a 99 Cents retail store in the Bronx borough of New York City, U.S., July 13, 2022. Shannon Stapleton | Reuters Retail sales numbers were better than expected in August as price increas...
Mixed Inflation Data Fails To Start A Crypto Rally
The Producer Price Index for the month of August was just released. The data highlights a -0.1% MoM change in producer prices. It is also what most economists estimated the PPI to be. Meanwhile, the c...
In The Caribbean, 57% Are Struggling To Put Food On The Table
In the English and Dutch-speaking Caribbean, a region of some 22 countries, the compounded effect of more than two-years’-worth of global crises has caused surges in the cost of living, driving a 46% ...
Bitcoin Struggles Following Inflation Report; California Crypto Bill Is an Overstep, Say Legal Experts
Ether, the second-biggest crypto in market value, followed a similar pattern and was changing hands under $1,600, a roughly 6% decline from a day earlier as inflation worries trumped Merge excitement....
How The Inflation Reduction Act Could Cause A Lithium Crunch
This aerial view shows the Salton Sea near Calipatria, California. Huge reserves of lithium are … [+] fostering hope among the communities around California’s largest lake. (Photo by Robyn...