Consumer prices held steady in July compared to the month before, as the Consumer Price Index rose 0% during the month, the Bureau of Labor Statistics reported Wednesday. Using July 2021 as a baseline...
Tag: Inflation
Stock Futures Unchanged amid Incoming July Inflation Report
Stock futures remained largely unchanged even as investors await the July inflation report, which could affect September’s hike in interest rates. Stock futures remain relatively unchanged early Wedne...
Bitcoin braces for US inflation data as CPI nerves halt BTC price gains
Bitcoin (BTC) hit multi-day lows on Aug. 10 as crypto traders braced for impact with fresh United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “co...
Altcoin Bull Run Upcoming? Inflation Data Instils Hope In Crypto Investors
With positive data coming on CPI data for July, the market responded bullishly giving signs of an altcoin bull run. Data showed that consumer prices grew 8.50% in July year on year, below expectations...
SHIB Reacts Most to Positive Inflation Report with Immediate Spike
Gamza Khanzadaev Shiba Inu surges on positive inflation report, shows one of best reactions on crypto market With the release of U.S. inflation data, which was positively assessed by crypto market par...
Bitcoin Surge Towards $24k As CPI Report Show Inflation Cooling
Bitcoin surged after July’s CPI data showed that inflation has started to decline after several months of record-breaking rates. Similar to earlier instances, the price of bitcoin climbed close to $24...
Biden Slammed for Claiming US Economy Had 0% Inflation in July — One Lawmaker Calls It ‘Sad and Dangerous’ – Economics Bitcoin News
President Joe Biden stated Wednesday that the U.S. economy had zero percent inflation in July following the latest CPI report. “Biden is claiming that we saw zero percent inflation last month. But the...
Inflation Break?
Gasoline prices last spring. (Photo by Win McNamee/Getty Images) Getty Images July brought a measure of relief on the inflation front. Because of a 4.6% drop in energy prices, the overall consumer pri...
Crypto Market Reacts Positively Amid Reduced U.S Inflation Rate
3 hours ago | 2 mins read Bitcoin News Compared to June, the annual rate of inflation reduced marginally to 8.5%. Bitcoin is trading at $24,003 with a 4% increase in the last 24 hours. After a long pe...
Grocery prices in July had largest price increase since 1979 — with one food staple rising by 38% on the year
The rise in the cost of living cooled in July, but not for grocery prices. The price of food at home rose 1.3% from June to July, marking a 13.1% increase compared to last year. It was the largest pr...
Inflation is peaking, and that is ‘nirvana’ for stocks, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market … totally saw peak inflation coming...
No High Inflation Warning From the US Ahead of CPI Print While Crypto Markets Become Volatile
Mixed Signal Expected Ahead of CPI Bitcoin price braces for the US inflation data as the surging heat around the CPI rates have halted the rally but increased the volatility. The markets surged nomina...
ADA Rallied 7% on Positive Inflation Numbers, Here’s the Key Resistance (Cardano Price Analysis)
Cardano managed to rally by 7% together with the rest of the market once CPI figures showed inflation slowed in the US. Key Support levels: $0.50, $0.45 Key Resistance levels: $0.55, $0.66 US inflat...
Travel costs fell in July. Here’s how you can score a good deal
Fluxfactory | E+ | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfare...
Bitcoin, Ether, Polkadot, Cardano On The Cusp Of Breaking New Highs As US Inflation Eases Up ⋆ ZyCrypto
Advertisement     Bitcoin rallied on Wednesday, gaining over 4% in minutes to perch above $24,000 after a Consumer Price Index (CPI) report by the Bureau of Labor Stat...
July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’ – Economics Bitcoin News
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in ...
Inflation Reduction Act EV tax credits could hurt sales
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV ow...
Egg Prices Have Doubled To $2.94 A Dozen–Here’s How Inflation Has Affected Your Favorite Grocery Items
Topline The cost of a dozen eggs has nearly doubled over the past year to $2.94, while a pound of coffee has shot up $1.50, chicken breasts cost an additional $1 per pound, and, for dessert, a half ga...
How to save on groceries amid food price inflation
To feel the effects of inflation, just go to the supermarket. Although inflation, overall, began to ease last month along with gas prices, food costs climbed 1.1% in July, bringing the year-over-year ...
Tesla Shares Failed To Hold Its 200-Day Simple Moving Average. Here’s How To Trade The Stock Now.
(Photo by Smith Collection/Gado). Getty Images Tesla TSLA tried to breakout above its 200-day simple moving average last week but broke below it on Monday as CEO Elon Musk reduced his holdings. Musk s...
Inflation Is Cooling, but Rally in Crypto, Stocks May Not Last
CPI numbers come in lower than expected, showing easing inflation Food prices remained elevated while gas and energy prices have fallen The days of rapidly increasing prices may be in the US economy’s...
The easing of inflation pressures is giving the economy some breathing room, for now
A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to U.S....
A Recession Is Coming, And It Looks Familiar
The signs are pointing to another recession, and investors need to understand how we got here. The … [+] last two recessions can provide a guide. (Photo by Johannes EISELE / AFP) (Photo by JOHAN...
Bitcoin Soars Towards $24K as US Inflation Slows Down to 8.5%
The United States government just released the latest CPI data, indicating that inflation has finally begun to ease following several consecutive months with record-setting numbers. As with previous e...
Inflation Eased Last Month More Than Expected
AFP via Getty Images Key takeaways Investors spent Monday and Tuesday gearing up for the inflation report this week, released early Wednesday Analysts and economist inflation expectations showed July’...
Did BNB escape inflation headwind to emerge as crypto big boy
The BNB token is emerging as a great performer even though the top crypto assets fell on 10 August. With growing fears surrounding U.S. inflation news, Bitcoin lost a crucial $23k support albeit brief...
Bitcoin spikes to $24,000 as CPI inflation remains unchanged at 8.5%
The price of Bitcoin moved higher following the release of Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics (BLS), showing no change in July. In anticipation of the data, Bitcoin...
Bitcoin and Crypto Markets Pop As CPI Data Shows Peak Inflation Reversal
Crypto traders are celebrating a highly-anticipated report from the Fed that details a meaningful reversal in inflation for the first time this year. The consumer price index (CPI) shows a year-over-y...
Inflation Reduction Act extends $7,500 tax credit for electric cars
David Madison | Photodisc | Getty Images A federal tax break that’s available to car buyers for going electric may work differently starting next year. Under the Inflation Reduction Act — which ...
Electric Vehicles Or Hydrogen Fuel Cell Cars? The Inflation Reduction Act Will Fuel Both
WASHINGTON, DC – APRIL 22: Electric vehicles are displayed before a news conference with White House … [+] Climate Adviser Gina McCarthy and U.S. Secretary of Transportation Pete Buttigieg...
U.S. Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps
“The Fed will be cheered by the news, especially the fact that core inflation was also lower than expected,” said Richard Carter, head of fixed interest research at Quilter Cheviot, a UK-b...