Erdogan’s country is experiencing record-breaking inflation (79.6%), a figure it has not experienced in 24 years. Underlying Turkey’s record-breaking inflation are multiple factors, but before going i...
Tag: Inflation
Russia and Ukraine war is blamed for the rising Inflation with 79.6 % in the last 24 years in Turkey –
The biggest annual rise in consumer prices was in the transportation sector, up 119.11 percent. As per relevant data, The inflation rate in Turkey rises to 79.6 percent, which is the highest inflatio...
Statistics Are Mixed But On Balance Say The Economy Is Weak
Ambiguous economic chart. (Photo by Daniel ROLAND / AFP) (Photo by DANIEL ROLAND/AFP via Getty … [+] Images) AFP via Getty Images If you listen to the White House, you hear that the economy is s...
Consumers’ expectations of future inflation decreased significantly in win for the Federal Reserve
Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The consumer outlook for inflation decreased significantly in July amid a sharp drop in...
US Senate approves $430 billion inflation reduction plan
A $430 billion climate, tax and health care bill passed the US Senate on Sunday after months of negotiations that ended in a marathon night of debate and amendment votes. $430 billion US anti-inflatio...
Chileans Shields Inflation and Peso Devaluation Using $USDT & $USDC
Chile has played successfully in maintaining a stable economy in the last few decades. But back in may 2020 the economy contracted by 5.8%, the sharpest decline since 1982. The slump in the economic g...
Tesla, Lucid jump premarket as Inflation Reduction Act targets US-assembled EVs
On Sunday, August 7, the US Senate barely passed President Biden’s Inflation Reduction Act, intending to reduce government deficits while boosting climate-change spending, among other things. The mea...
Does Inflation Affect Crypto Mining Activity? – crypto.news
According to Arcane Research, the mining difficulty of BTC has continued to surge upwards, hitting a new all-time high. This is a result of the struggling prices the token faces. As the mining hash ra...
UK cash withdrawals hit a record high as Brits grapple with inflation
Post Office has attributed the record amount for personal cash withdrawals at its 11,500 branches to more staycations in the U.K. and people using cash to manage their budgets. Gannet77 | Getty Images...
Has US inflation peaked? 5 things to know in Bitcoin this week
Bitcoin (BTC) goes into another key macro week in the United States with a welcome break to the upside. After avoiding a now-familiar breakdown around the weekly close, BTC/USD is surging higher at th...
Supply-chain pressures—which drove inflation during the pandemic—are once again trying to tell us something
One of the first signs that inflation was going to be a problem was the supply-chain crisis of 2021. Remember last year, when it felt like everyone moved and bought a new desk so they could work from ...
Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 Months – Economics Bitcoin News
Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” th...
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase their spending. Oil prices hovering around $110 a barrel in the second quarter ...
McDonald’s has an Answer for Wendy’s, Burger King
As inflation rises, even the fast-food industry has to consider a value-added value option. The big fast-food chains are feeling the pinch of inflation at all angles. The cost of supplies, food and la...
US ‘past peak inflation’ after Tesla sells 90% of Bitcoin
Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked. Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predic...
This Billionaire Thinks Worst Of Inflation Is Behind Us, Time To Buy?
In his recent shareholders’ meeting on Saturday, August 6, Tesla chief Elon Musk shared some positive nuggets about the global economy. Musk predicted that the worst of the inflation could be behind u...
Gasoline At (or Under) $2.99 a Gallon: Here’s Where
Gasoline prices continue to fall in a handful of states to $2.99 a gallon, marking the 50th consecutive day of declines and giving consumers a reprieve as high inflation rates have walloped their budg...
Costco May Have a Huge Workers Problem
Costco (COST) – Get Costco Wholesale Corporation Report has famously been a good place to work. It even paid its employees $15 an hour way before most places. Glassdoor is a website where empl...
Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saph...
Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate
Bitcoin (BTC) saw fresh rejection at $23,500 resistance on Aug. 5 as United States equities failed to embrace surprisingly strong payroll data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingV...
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed – Coinotizia
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and...
Berkshire Results May Show Toll of Inflation, Market Turbulence
(Bloomberg) — Berkshire Hathaway Inc. is about to give investors a look at how the conglomerate is handling spiraling inflation, rate hikes and a market downturn that’s weighed on some of its la...
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed – Economics Bitcoin News
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and...
Which is Less Risky During Inflation?
cd vs mutual fund Investing is risky, especially amidst international strife and a volatile economy. However, it is possible to mitigate risk while preserving certain levels of return. For example, ce...
230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation – Economics Bitcoin News
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legi...
Crypto Market Trades Sideways As The Inflation Fear Kicks In, What’s Ahead?
The past week brought hope and confidence to lots of crypto participants. This is due to the growth seen in most major cryptocurrency tokens as they witness some price increase. However, happy days se...
This Is Why We Are Not In A Recession Yet, But It’s Just A Matter Of Time
The market bounce may be short-lived if it thinks that the Fed is going to become less aggressive … [+] anytime soon. (Photo by Bryan R. Smith / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Image...
Why the price of a pint of beer in the UK is going through the roof
LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the amber nectar...
Crypto Market to Plunge Hard, Inflation Rise Can Have a Brutal Effect on Crypto Prices
The crypto market was in joy as the broader market had entered the recovery phase where major cryptocurrencies had gained their key price levels. However, today the crypto space has yet again stepped ...