The leading cryptocurrencies in Bitcoin and Ethereum shed several points on Tuesday morning following the latest Consumer Price Index (CPI) print. Shortly after the CPI numbers were released, both Bit...
Tag: Inflation
The biggest Fed rate hike in 40 years? It could be coming next week.
Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a k...
Dow Jones Plunges Amid Hot Inflation; Twitter Up After Elon Musk Vote; Coinbase Tumbles As Bitcoin Dives
The Dow Jones Industrial Average fell sharply after hot inflation data, closing near session lows. Twitter stock rose after shareholders voted on the offer by Tesla (TSLA) CEO Elon Musk to buy the fir...
Trudeau Lashes out at Challenger for Suggesting ‘Opt out of Inflation’
Canadian Prime Minister Justin Trudeau has hit out at Pierre Poilievre, a pro-crypto politician, who has been chosen to lead Canada’s Conservative Party. Trudeau said in his address that, “telling peo...
US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’ – Economics Bitcoin News
On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market anal...
The Federal Reserve’s Rate Hikes Are Cooling The Housing Market But Land-Use Reforms Still Needed
Professional engineer architect worker with protective helmet and blueprints paper at house building … [+] construction site background getty Since the spring of 2022, the Fed’s federal funds ra...
U.S. inflation roars back in August, CPI shows, despite falling gas prices
The numbers: Falling gas price delivered a second low U.S. inflation reading in a row as the consumer price index rose by just 0.1% in August. But the report also showed inflation has spread more broa...
Bitcoin Loses 6%, Equities Fall as Inflation Exceeds Estimates
Bitcoin and equity markets dropped sharply shortly after the inflation numbers’ release Futures markets forecast a 82% chance of a 75 basis point rate hike on Sept. 21 Inflation rose more than expecte...
U.S. Stocks Plummet Amid Worse Than Expected Inflation Data
NEW YORK – OCTOBER 07: A bronze statue of a bull fighting with a bear is displayed at the Museum of … [+] American Finance October 7, 2008 on Wall St. in New York City. An affiliate of the...
Bitcoin Tumbles With Worst CPI Inflation Report! Where BTC Price is Heading Next?
On September 13, Bitcoin (BTC) quickly fell below $22,000 as US inflation data disappointed forecasts. After the Consumer Price Index (CPI) inflation for August came in at 8.3% year over year, BTC/USD...
These 2 “Strong Buy” Energy Stocks Look Attractive in the Event of Continued Inflation
The price of gasoline has dropped sharply in recent weeks, bringing a welcome relief to anyone with a car, but the fact remains that gas is still up more than $1.50 per gallon, on average, since the b...
Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75 percentage point next week is gone, economists said, following the hot U.S. consumer price inflation data for Augu...
$290,000,000 in Bitcoin and Crypto Liquidated As Inflation Data Pummels Markets
Nearly $300 million worth of Bitcoin (BTC) and other crypto assets have disappeared from the markets as inflation continues to surge. According to crypto data aggregator Coinglass, the digital assets ...
Holiday shopping season expected to be muted amid high inflation
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Retailers are scrambling to prepare for the fast-approaching holiday shopping ...
Is Inflation Finally Cooling Down?
AFP via Getty Images Key takeaways August’s Consumer Price Index (CPI) data was released early Tuesday morning, finding that headline inflation has increased 0.1% in August and core inflation has clim...
Bitcoin sinks as CPI inflation hits 8.3%, shortening odds of 3rd consecutive 75 bps hike
The price of Bitcoin sank following the release of Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics (BLS), showing a 0.1% increase in August, taking the unadjusted value to 8.3%....
With Inflation at 8.3%, Ethereum Risks “Sell the News” Merge
Key Takeaways Ethereum has dropped by 8.7% after U.S. inflation fell by less than analysts’ expectations. The downturn puts Ethereum at risk of its upcoming merge to Proof-of-Stake becoming a &#...
Inflation remained near 40-year high in August as CPI rose 8.3%
Inflation rose more than expected in August even as prices moderated from four-decade highs reached earlier this year. The Consumer Price Index (CPI) in August reflected an 8.3% increase over last yea...
Major Bitcoin and Ethereum Volatility as US Inflation (CPI) Clocks in at 8.3%
The Consumer Price Index numbers for August are in, and, as always, this caused major volatility within the cryptocurrency markets. At the time of this writing, Ethereum, as well as Bitcoin, are chart...
BTC Hits Fresh 3-Week High, Ahead of US Inflation Report – Market Updates Bitcoin News
Bitcoin rose for a seventh consecutive session on Tuesday, as the token moved to a three-week high. The price surge came ahead of this afternoon’s U.S. inflation report, which is expected to come in a...
US CPI Report Shows Inflation Hotter Than Expected, Bitcoin Dips 4%
Tuesday’s report was expected to show a much faster slowdown in prices as energy, gasoline and airfare prices – the main drivers behind high inflation in recent months – started to cool off. But...
CPI Inflation Low, But Offers Little Encouragement For Fed Or Markets
Jerome Powell, chairman of the U.S. Federal Reserve, is unlikely to be comforted by the August CPI … [+] report which showed underlying inflation remains in many areas of the U.S. economy. Photo...
Inflation Climbed 8.3% In August—Slowing For Second Month Straight As Gas Prices Plunged
Topline Consumer prices rose 8.3% in the 12 months ending in August—slowing down for a second consecutive month (thanks largely to some relief at the pump), but still climbing more than expected as in...
Is It Bear Season? Inflation, Interest Rates, And The Stock Market
| Getty Images Key Takeaways Bear markets are defined by a 20% drop in stock prices. The average length of a bear market is typically nine months. Investors can use dollar cost averaging during bear m...
US dollar index (DXY) forecast ahead of retail sales and inflation data
The US dollar index has retreated sharply in the past few days as investors focus on the upcoming US inflation and retail sales data. It has fallen in the past five straight days and moved to the lowe...
Raymond James Says Inflation May Be Easing; Taps 2 Stocks to Buy
The unfortunate buzzword for 2022: inflation. Wherever you go, it has been hard to avoid this hot topic, as inflation has soared to heights not seen in decades, with the central bank eventually declar...
Dow Jones Futures Rise Ahead Of Tuesday’s CPI Inflation Rate Data
Dow Jones futures were higher after Monday’s stock market rally ahead of Tuesday’s key inflation reading, the Labor Department’s consumer price index, or CPI. Apple stock made a bull...
Inflation ‘collapse’ will spark big stock market gains: Credit Suisse
Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch...
US Inflation Data Will Determine If Stock Rally Continues
(Bloomberg) — The S&P 500 Index is on a roll, posting its best four-day rally since early July partly on the back of hopes that inflation data due Tuesday morning will show some cooling off ...
CPI Inflation Rate Is Sliding, But This Is What Matters For The Fed And Dow Jones
Wall Street economists expect Tuesday morning’s release of the consumer price index for August to show a 0.1% monthly decline, thanks to falling gas prices. That would bring the CPI inflation ra...