AFP via Getty Images TLDR: Fake inflation report circulates before official announcement of 9.1% CPI in the year to June Further Fed rate hikes expected, with some analysts predicting a 1.00 percentag...
Tag: Inflation
Fed can’t stop hiking interest rates even if there is a recession, former top central banker says
The Federal Reserve has to emulate Mario Draghi and do “whatever it takes” to bring inflation down and that means continuing to raise interest rates even if there is a recession, said former Richmond ...
Recession Now Looks Like the Price to Pay for Beating Inflation
(Bloomberg) — After underestimating the worst inflation outbreak in decades, central banks are now driving their economies headlong toward recession in order to tame prices. Most Read from Bloom...
CEOs say they are raising prices, cutting costs as inflation dominates post-earnings conversations
NEW YORK, NEW YORK – MAY 02: Elon Musk attends the 2022 Costume Institute Benefit celebrating In America: An Anthology of Fashion at Metropolitan Museum of Art on May 02, 2022 in New York City. ...
Inflation is Yet to Be at its Peak, says CEO of Goldman Sachs – Coinpedia – Fintech & Cryptocurreny News Media
David Solomon, CEO of Goldman Sachs, in an interview with CNN said that inflation in the United States has not reached its peak. He has urged people to prepare for worsening inflation and an approachi...
Rich Dad Poor Dad’s Robert Kiyosaki Warns Inflation May Lead to Greater Depression – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the current inflation may lead to a “Greater Depression.” He added that real estate is crashing and forec...
Bitcoin Slips Below $23,000 As Eurozone Moves to Curb Inflation with Interest Rate Hike
After briefly reclaiming the $24,000 mark on Wednesday, Bitcoin (BTC) is back in the red today, as the price of the leading cryptocurrency slipped below $23,000. The latest price action followed elect...
Goldman CEO Predicts Higher Inflation As Markets Turn Red
Goldman Sachs CEO David Solomon recently said in a CNN interview that inflation in the United States has not peaked yet. He revealed that while economists may believe that inflation has peaked, busine...
Inflation Rates Continue Hiking, Successful Funding Rounds for Secure.io and FitR, Crypto in an Uptrend – crypto.news
Inflation rates continue to hit hard as many countries, including the UK and Canada, report new highs. Funding rounds continue with Secure.io and FitR while the crypto market takes an uptrend. UK Infl...
BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection
The biggest bear on Wall Street: BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection With the market trading s...
Inflation to stay “undesirably high” as ECB hikes rates for the first time in over a decade
In a historic move, Christine Lagarde and the European Central Bank (ECB) raised the policy rate for the first time since 2011. In its decision, the Governing Council hiked the key policy rate by 50 b...
Revolut’s research on inflation in Italy
Revolut conducted a research in Italy with the aim of studying the impact of inflation on consumers’ purchasing habits. Italy: population rolls up its sleeves to fight inflation With inflation now sta...
5 Reasons Causing Pain In Struggling EM Debt Markets
A man is seen in front of a screen showing the exchange rate between the Colombian peso and the US … [+] dollar in Medellin, Colombia, on July 7, 2022. (Photo by JOAQUIN SARMIENTO / AFP) (Photo ...
European Central Bank Raises Interest Rates For The First Time In 11 Years As Global Inflation Surges
Topline The European Central Bank on Thursday authorized its first interest rate hike in 11 years in a bid to help cool rising inflation, becoming the latest central bank to more aggressively unwind p...
How to save money on travel? Five tips for cheaper flights and hotels
1. Finding cheaper flights Those who are strategic about saving spend 23% less on flights than those who aren’t, according to a survey of budget travelers by the booking site VacationRenter. To...
Here’s What Another China Lockdown Could Mean For The U.S. Economy
More Covid lockdowns in China would be “another headache” for the Federal Reserve in its battle against inflation, experts say, though global supply-chain bottlenecks are easing. If there’s any indica...
With Inflation Being Hot, Is Gold and Silver Buy or Sell?
The bull case for gold would be reclaiming $1900/oz and consolidating around $1950/oz for a few weeks before breaking $2000/oz again. Most Americans have already heard about the high inflation numbers...
UK Inflation Data Shows Historic Surge to 40-Year High at 9.4%
The Bank of England is considering a 50 basis points rate hike next month which would be the single biggest increase in over 30 years. The United Kingdom announced its inflation data for June 2020 whi...
Stop panicking about inflation, BlackRock CEO tells investors — ‘We’re going to get through this’
The economic headwinds currently roiling the U.S. economy are fixable in the long-run, meaning investors can afford to relax a bit, BlackRock CEO Larry Fink told CNBC’s Jim Cramer on Wednesday. ...
With A Week Until Next Fed Meeting, 75bps Hike Expected
Markets expect the Fed to hike 75bps next week, with some chance of a 100bps move. (Photo by SAUL … [+] LOEB / AFP) (Photo credit should read SAUL LOEB/AFP via Getty Images) AFP via Getty Images...
Valkyrie Creating New VC Fund, India Could Ban Crypto, New Zealand Inflation at 3 Decade High – crypto.news
Funding rounds gain momentum as Valkyrie launches a new VC fund to support web2.5 projects. New Zealand’s Inflation is at a 3-decade high, while India is considering banning crypto. The crypto bulls c...
Should you buy or sell the British pound after today’s inflation data?
UK inflation has hit a new 40-year high today. Coming out at 9.4% YoY, it exceeded expectations of 9.3% and kept rising from the previous 9.1%. No one can say that the data came as a surprise. After a...
Inflation Dynamics Point To A Slowdown
Various components of the CPI (like used cars) could dampen inflationary rise getty Inflation often gets reduced to a simple number (9.1%), but its dynamics are complex. Moreover, among the components...
For Climate’s Sake, Don’t Have The Fed Cause A Recession
With U.S. inflation at 9.1%, economic pundits are bracing for the U.S. Federal Reserve to pull a Paul Volcker. The Fed Chairman from 1979 to 1987, Volcker tamed inflation by driving short-term interes...
The Fed Is Upside-Down on Inflation and That’s a Big Risk
The last time the U.S. suffered a nasty bout of inflation, in the 1980s, the economic emergency was seen as so dire the Federal Reserve, then led by Paul Volcker, jacked up interest rates by as much a...
‘Hot inflation is over.’ Here’s where what that means for investors, says this portfolio manager.
A firmer start is ahead for stocks. Investors seem to be perking up after Apple spoiled the mood some on Monday via a report it plans to slow its hiring roll. If true, Apple AAPL, +2.39% has good comp...
Dow Rebounds 500 Points, Analysts ‘Cautiously Optimistic’ After More Solid Earnings
Topline The stock market surged Tuesday, recouping losses from the previous session, as investors cheered another round of solid quarterly earnings results from corporate America despite inflationary ...
Charlie Munger Not Worried About Inflation, Economy
Berkshire Hathaway’s Charlie Munger discussed his outlooks on the economy, oil, renewable energy and cryptocurrency after his recent personal investment in an Australian investment company. Bill...
Bitcoin P2P Trading Volume Surges 40% In Turkey As Inflation Hits 78% ⋆ ZyCrypto
Advertisement     Turkish nationals have flocked to Bitcoin as a last resort following the growing inflation rate in the country. The country’s consumer price index (C...
Bank of Spain Worried About Inflation and Its Consequences in Latam – Economics Bitcoin News
The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several c...
Cryptos Rally in Wake of Inflation Data: Here’s Why
Bitcoin and ether gained 10% and 45%, respectively, following Wednesday’s CPI numbers “After the catastrophic events that have unfolded in the crypto market over the past few weeks, stringent regulati...