Topline The stock market surged higher on Wednesday after a better-than-expected inflation report for July, boosting investor sentiment as consumer prices fell for the first time in months, adding to ...
Tag: Inflation
Macro Guru Raoul Pal Sets Price Target for Ethereum (ETH), Predicts Slowdown of Inflation
Real Vision chief executive Raoul Pal is laying out a potential roadmap for leading smart contract platform Ethereum (ETH). Pal tells his Twitter followers that most traders are holding at a low volum...
ETH Surges Back Above $1,700 as US Inflation Falls to 8.5% – Market Updates Bitcoin News
Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the tok...
Bitcoin Rallies as U.S. Inflation Cools to 8.5%
Key Takeaways The U.S. Consumer Price Index data for July has come at 8.5%, 20 basis points lower than economists’ expectations. The cooling suggests inflation may have peaked in June, meaning t...
Inflation has helped push workers back into the industry
High inflation and the money-making opportunities it’s created have driven workers back to the restaurant industry, Danny Meyer told CNBC’s Jim Cramer on Tuesday. “There’s no q...
Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On a monthly basis, pr...
Inflation Spiked 8.5% In July—Slowing For The First Time In Months As Gas Prices Fall From Recent Highs
Topline As rapid inflation continues to fuel recession fears, new data showed consumer prices rose 8.5% in the 12 months ending in July—slowing down for the first time in months in a potential sign th...
Bitcoin Jumps as US Inflation Falls to 8.5% – Trustnodes
The inflation rate in the United States has increased by less than expected, up 8.5% rather than analysts’ estimates of 8.7%. It is down from June’s decades high of 9.1%, with the Bureau for Labour St...
Tesla CEO Elon Musk, Predict Upcoming Recession and Inflation
At the recent meet-up of Tesla shareholders, Elon Musk predicted about the US economy. Mild recession will seen in the next eighteen months while the inflation is at its peak. Musk’s Prediction on Rec...
Inflation Has Now Peaked, and Recession Will be Mild
Elon Musk thinks things are looking up. In a new meeting with Tesla shareholders, the billionaire was optimistic about the future of the US economy. During Tesla’s latest shareholder meeting, the bill...
10x During Inflation? Only In DeFi: Uniglo (G…
Double-digit inflation currently ravages most economically developed countries and has dominated headlines globally. People have seen their purchasing power drastically reduced, and if they have not s...
Bitcoin Prices Pull Back Ahead of US Inflation Report
●Bitcoin (BTC): $23,100 −3.5% ●Ether (ETH): $1,692 −5.3% ●S&P 500 daily close: 4,122.47 −0.4% ●Gold: $1,811 per troy ounce +1.3% ●Ten-year Treasury yield daily close: 2.80% +0.03 Bitcoin, ether an...
Larry Summers is ‘appalled’ by the private equity carve outs in the Inflation Reduction Act
Former Treasury Secretary Larry Summers initially supported the major tax, climate change, and health care bill that passed the Senate on Sunday. But he has a quibble with two of the late changes to t...
Dow Jones Futures: Inflation Report Looms For Market Rally; Elon Musk Sells More Tesla Stock
Dow Jones futures tilted higher overnight, along with S&P 500 futures and Nasdaq futures, with the July CPI inflation report on tap before Wednesday’s open. Elon Musk sold $6.9 billion worth...
CPI Inflation Rate Is Finally Falling; The Good And Bad News For The Dow Jones
The CPI inflation rate is finally past its peak, we’re sure to find out Wednesday morning. Falling gas prices, retail discounting, the return of online deflation and a plunge in shipping costs a...
Don’t be fooled by a drop in U.S. headline inflation. Markets will be attuned to another figure on Wednesday.
Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline U.S. inflation rate for July. But there’s another figure buried i...
Inflation Probably Slowed in July, but Not by Enough to Trigger Crypto Bull Run
The monthly inflation readings have gained prominence this year, because they influence Fed policy and the demand for the dollar, often a countervailing factor in the price of bitcoin. The dollar inde...
What the ‘historic’ Inflation Reduction Act means for your bank account
Senate Democrats passed a sweeping climate, health care, and tax bill Sunday. If it becomes law, it could lower energy and health care costs for the average American during a time when budgets are tig...
‘The real mortgage rate is a negative number.’ As inflation stubbornly sits at a 40-year high, do current mortgage rates look better than they seem?
What is the so-called ‘real mortgage rate’ and does it matter? Getty Images/iStockphoto I write about mortgage rates every week, but recently, I’ve heard some sources chattering about what’s called th...
Online Prices Decline In July, Ending 25-Month Inflation Streak
Overall e-commerce prices declined on a year-over-year basis in July, the first such decline in 25 … [+] months. getty E-commerce prices declined 1%, on a year-over-year basis, in July, the firs...
Elon Musk is optimistic about inflation
The CEO of Tesla Elon Musk, at the customary shareholder meeting on Thursday, explained how he expects the CPI to have already peaked and that a recession, which will last 12 to 18 months, will be mil...
Federal Reserve Governor Supports More 75bps Rate Hikes Citing ‘Significant Risk of High Inflation Into Next Year’ – Coinotizia
Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of ...
Senate passes Inflation Reduction Act: why does it matter for EV investors?
EV stocks ended in the green on Monday after the U.S. Senate passed the Inflation Reduction Act of 2022. “House” will now vote on it this Friday. How does the bill help the EV space? The proposed legi...
Wage inflation, used car prices could jump higher: Jim Bianco
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it...
Federal Reserve Governor Supports More 75bps Rate Hikes Citing ‘Significant Risk of High Inflation Into Next Year’ – Economics Bitcoin News
Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of ...
FAO food price index fell sharply in July but the respite may not last
Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the start of 2022. Olga Maltseva | Afp | Gett...
Inflation could push Fed into August rate hike
CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation...
Elon Musk Says Inflation In U.S Has Peaked After Tesla Sells 90% Of Its BTC
Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that a forthcoming United States recession is going to be “mild to moderate.” Tesla is witnessing the rise of a l...
Elon Musk Says Inflation Has Peaked
Tesla and Spacex CEO Elon Musk shared his view on the U.S. economy Recession Will Last 18 Months – Musk Leverage or debt that companies have right now is relatively low Tesla CEO Elo...
Climate change is making some homes too costly to insure
Firefighters pull up to a burning house during the Kincade fire in Healdsburg, California, on Oct. 27, 2019. Josh Edelson | Afp | Getty Images As climate change threatens the U.S. with more natural di...
Opinion: Why the Inflation Reduction Act is a very big deal for Americans
NEW YORK—Senate Democrats’ compromise bill, the Inflation Reduction Act (IRA) of 2022, addresses not just inflation but also several key longstanding problems facing our economy and society. There is ...