UK inflation dropped for the first time in approximately a year, even as households continue to feel the brunt of high gas prices. The UK is experiencing relief as inflation drops to a 9.9% annual rat...
Tag: Inflation
US Inflation Data Roils Markets, Bitcoin and Ether Fall
● Bitcoin (BTC): $20,272 −9.5% ● Ether (ETH): $1,615 −6.4% ● CoinDesk Market Index (CMI): $1,019 −7.1% ● S&P 500 daily close: 3,932.69 −4.3% ● Gold: $1,712 per troy ounce −0.9% ● Ten-year Treasury...
Should You Dump Stocks Due To Inflation?
| Getty Images Key Takeaways As inflation increases, the Fed will react by increasing interest rates. The end result is market volatility and stock dumping. It’s tempting to dump stocks in order to li...
Here’s why President Biden is still optimistic about the US economy despite white-hot inflation of 8.3% in August
‘Prices have been essentially flat’: Here’s why President Biden is still optimistic about the US economy despite white-hot inflation of 8.3% in August Raging inflation continues to c...
Elon Musk Reiterates His Worst Nightmare for The Economy
The markets are slumping as investors worry about the consequences of the Federal Reserve’s aggressive interest-rate hikes, designed to fight an inflation rate that’s the highest in 40 yea...
Dow Jones Reverses On Another Key Inflation Report After CPI Sparks Market Plunge
The Dow Jones Industrial Average reversed lower after another key inflation report — the producer price index — arrived Wednesday in the wake of a stock market plunge from a hot consumer price index r...
Canadian PM Justin Trudeau Denounces Cryptos as Escape from Inflation
Canada Prime Minister of Canada, Justin Trudeau, has said that investing in cryptocurrencies to avoid inflation is an act of irresponsible leadership. Canadian Prime Minister Justin Trudeau expressed ...
How To Fix Inflation (Beyond Just Raising Interest Rates)
| Getty Images Key Takeaways One of the main tools The Fed uses to fix inflation is raising interest rates. This is an example of monetary policy. The government can introduce fiscal policies to reduc...
Warren Buffet Is Using These Dividend Stocks to Fight Inflation and Generate Passive Income Stream
Markets tanked yesterday, there’s no other way to put it. The NASDAQ fell more than 5%, the S&P 500 fell more than 4%, and the Dow Jones shed 1,200 points, also a 4% loss. The sharp drops hit afte...
Comparing Historic Returns In Times Of High Inflation
| Getty Images Key takeaways TIPS are designed to be a hedge against rising interest rates by taking into account the current rate of inflation. Over the long term, stocks have earned investors an ave...
Even after the market meltdown, investors are still making two implausible assumptions about the next six months, this economist says
Not for the first time, inflation numbers caught the market by surprise. The bad news was the S&P 500 SPX, +0.43% saw the largest one-day decline in two years, slumping 4.2%. The good news if you’...
Bitcoin Tumbles 9% On The Day Amid Inflation Fears
Bitcoin (BTC), the industry’s largest cryptocurrency by market capitalization, is down by 9% on Wednesday, wiping out most of its recent gains. Following the official announcement of the U.S. Consumer...
Here’s how much you can save
Largely out of necessity, consumers are getting creative about stretching their dollars. After inflation hit back-to-school budgets hard and as families are feeling the weight of holiday expectations,...
Producer price index August 2022:
The prices that producers receive for goods and services declined in August, a mild respite from inflation pressures that are threatening to send the U.S. economy into recession. The producer price in...
Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy
A person shops in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters For the better part of a year, the inflation narrative among many economis...
Inflation Cresting But Not Over
getty getty Yesterday, September 13, 2022, the U.S. inflation numbers came in hot. Down went the stock indexes and the S&P 500 was showing -2% down. In a strange way this is simply history repeati...
Inflation rose 0.1% in August even with sharp drop in gas prices
Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday. The consumer price index, which tracks a broa...
Inflation Is Sticker Than It Looks. Consider the Cleveland Fed’s Data
Text size The food index increased by 11.4% year over year in August, according to the government’s latest CPI release. Brandon Bell/Getty Images Inflation is sticky — and even stickier than it ...
Recession odds turn to ‘very high’ as sticky inflation persists, says former Fed Vice Chairman
With Consumer Price Index (CPI) numbers exceeding expectations, inflationary concerns and speculation of a recession are prevalent. The broader markets and their respective indices suffered large loss...
Canadian PM Justin Trudeau says investing in crypto is not an escape from inflation
According to a new Twitter post on Tuesday, Canadian Prime Minister Justin Trudeau made critical remarks regarding newly elected opposition leader Pierre Pollievere’s pro-crypto platform, writin...
Inflation Hit the Stock Market. These Stocks Could Benefit From Rising Prices.
Text size *** ONE-TIME USE *** John Deere tractors Justin Sullivan/Getty Images Inflation doesn’t want to go away—and the stock market is reeling. Some stocks, though, could benefit if inflation remai...
Bitcoin Crashes Towards $20K on Inflation (CPI) Numbers: Market Watch
Although the US CPI data was quite close to the estimated target, it still had a vigorous effect on BTC’s price, which dumped towards $20,000. The alternative coins are also deep in the red, with Sola...
US Inflation Data Lashing Crypto Market
The United States Bureau of Labor Statistics (BLS) released its inflation data for August, with the Consumer Price Index (CPI) coming in at 8.3% year-on-year (YoY). The market is concerned about risin...
Scared of the latest inflation report? It’s time to sell the US dollar
Yesterday’s hotter-than-expected inflation report in the United States triggered a massive move higher in the US dollar. Also, stocks dived as Wall Street posted the biggest one-day percentage drop in...
Bitcoin price sheds $1K in 3 minutes as US CPI inflation overshoots
Bitcoin (BTC) crashed below $22,000 instantly on Sept. 13 after United States inflation data failed to meet estimates. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI print sparks maj...
US Inflation Pegs at 8.3%, May Not Deter Fed’s Intended Rate Hike
With interest rates set to be hiked following this growing inflation figure, the US market is waking up with a bearish reaction to the news. The US Bureau of Labor Statistics (BLS) has released the co...
Justin Trudeau Slams Pierre Poilievre for Telling People They Can ‘Opt out’ of Inflation by Investing in Cryptocurrency – Economics Bitcoin News
Canadian Prime Minister Justin Trudeau has slammed Pierre Poilievre, the new leader of the Conservative Party of Canada, for telling people that they can “opt out of inflation” by investing in cryptoc...
Canadian Prime Minister Says Crypto Investments Cannot Curb Inflation
Canada’s Prime Minister Justin Trudeau does not view crypto investments as a useful hedge against the country’s inflation. According to him, encouraging people to invest in cryptocurrencies as a way t...
Crypto Sell-off Deepens After Hot Inflation Report
Crypto markets fell sharply on Tuesday following an August Consumer Price Index (CPI) Report showing hot inflation numbers. Bitcoin dropped roughly 6% from 12:30 p.m. UTC, with ETH falling almost 8% i...
Bitcoin Drops Nearly 10% After Inflation Report—Its Biggest Drop Since June
Topline Bitcoin suffered its biggest drop in three months on Tuesday, falling nearly 10% in the wake of a worse-than-expected August inflation report, as investors fear the Federal Reserve will raise ...
S&P 500 Faces Biggest Drop This Year As Inflation Remains Stubbornly High
Topline Stocks tumbled throughout the day Tuesday after last month’s inflation report logged a steeper-than-expected jump in consumer prices, as investors worry the Federal Reserve will keep raising i...
Buy Costco shares as they ‘benefit from higher levels of food inflation’
Shares of Costco Wholesale Corporation (NASDAQ: COST) ended more than 5.0% down this evening on talks of another 75 basis points increase in interest rates next week. Costco shares benefit from inflat...