Inflation continued accelerating in June after showing an increase in May, a potentially negative sign for crypto markets that have faltered as the Federal Reserve raises interest rates in response to...
Tag: Inflation
Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High – Economics Bitcoin News
Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the ...
Federal Reserve Emphasized Higher Inflation Fears and Possible Recession in Latest Beige Book
The Federal Reserve Beige Book says that consumer spending has been flat over the past week in New York. In its Beige Book, a survey by the Federal Reserve revealed increased recession fears and the ...
Suze Orman says this is the only asset class with a track record of ‘earning more than inflation’ — here are 3 simple ways to gain exposure now
Suze Orman says this is the only asset class with a track record of ‘earning more than inflation’ — here are 3 simple ways to gain exposure now With U.S. inflation hitting yet another mult...
Michael Saylor Sings Bitcoin’s Praises As U.S. Inflation Jumps To New 40-Year High ⋆ ZyCrypto
Advertisement     The founder of the business software company MicroStrategy remains one of the most vocal evangelists of the oldest cryptocurrency. Many times in the ...
Metrics signal oversold crypto conditions ahead of US inflation figures –
The Crypto market fell on Tuesday in front of a US expansion report for June that is dreaded to show that shopper costs have kept on increasing The pace has been quicker regardless of loan fee climbs...
How inflation can hurt and help consumers, according to economists
A person shops for groceries on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn. Michael M. Santiago | Getty Images News | Getty Images Inflation hit a new 40-year high in June...
What’s Next For U.S. Inflation?
An Exxon Mobil gas station in Big Spring, Texas, US, on Tuesday, June 21, 2022. Photographer: … [+] Matthew Busch/Bloomberg © 2022 Bloomberg Finance LP June saw an unwelcome spike in U.S. inflat...
Cathie Wood: Recession Is Already Here; Deflation, Too
Investor Cathie Wood, chief executive of Ark Investment Management, on July 12 reiterated her view that we’re suffering from deflation, not inflation. And she said we’ve already entered recession. The...
Fed Governor Waller says he’s open to ‘larger’ rate hike this month than in June
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday...
Fake Inflation Report Circulates, Sending Stocks Spiraling
NORTH MIAMI – FEBRUARY 20: Evelyn Bonilla shops for groceries at Lorenzo’s Supermarket as a new … [+] government report showed that consumer prices rose last month Februrary 20, 2008...
Bigger Rate Hikes, Higher Inflation And Ukraine War
Topline JPMorgan, the nation’s largest bank, kicked off second-quarter earnings season on Thursday with worse-than-expected results spurred by the market’s deteriorating conditions, prompt...
M&A Bankers See Crisis as Opportunity, With Celsius and Inflation in Focus
U.S. economy recorded 9.1% inflation in June, a new 40-year high. Will policy makers look for even more aggressive measures to tame inflation, and how would this affect crypto markets? Plus, Jeff Kara...
Gain 11.3% on surge in energy costs
Inflation hit hard at the wholesale level in June, as producer prices surged a near-record amount from a year ago due to a big jump in energy costs, the Bureau of Labor Statistics reported Thursday. T...
Inflation continues to rise – The Cryptonomist
New inflation data compiled by the Bureau of Labor Statistics are out and they are not at all reassuring. Inflation shakes markets The US CPI figure reaches 9.1%, surpassing Bloomberg analysts’ forec...
Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify
Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a ...
Bitcoin and ether see major price swings following US inflation report
Bitcoin and Ethereum whipsawed on Wednesday following a red hot inflation report of 9.1%. Bitcoin briefly jumped above $20,000 initially following the report, before plunging as low as $19,046 (and be...
Fed report finds higher fears of inflation and potential recession
A Federal Reserve economic survey released Wednesday pointed to elevated recession fears along with a belief that soaring inflation will last at least through the end of the year. The central bankR...
Bitcoin Reclaims $20,000 Despite High Inflation Numbers, Here’s Why
Arman Shirinyan Bitcoin did not crash after inflation data release but bounced instead Contents Why didn’t Bitcoin crash? Anemic performance continues Following the expectation that inflation da...
Latest Inflation Surprise Sends Treasury Curve And U.S. Dollar To Record Levels
UNITED STATES – JULY 6: Gas prices are displayed on a sign at a gas station in Williams, Ariz., on … [+] Wednesday, July 6, 2022. (Bill Clark/CQ-Roll Call, Inc via Getty Images) CQ-Roll Ca...
Realized Losses Spike as Bitcoin Inflation Hedge Properties Are Questioned
Both realized and unrealized losses have spiked for Bitcoin holders, while detractors continue to question its properties as a hedge against inflation. According to on-chain analytics provider Glassno...
Shock inflation data may push Fed towards historic rate increase: Strategist
Another 40-year high in inflation has may leave no choice for the Federal Reserve but to hike interest rates by a 100 basis points at its July 27 policy meeting, pros are beginning to say. “I th...
US Inflation Records 9.1% Growth in June as Recession Fears Heighten
The growth in the US Inflation rate is also notably weighing down on the hoard of digital currencies beginning with Bitcoin. The latest inflation data released by the Bureau of Labor Statistics today...
USD/JPY Price Forecast – The US Dollar Continues to Chug Higher as Inflation Heats Up
US Dollar vs Japanese Yen Technical Analysis The US dollar has rallied rather significantly during the trading session on Wednesday, as inflation numbers in the United States came out much hotter than...
Red Hot Inflation Tumbles Ethereum By 5%
The US consumer price index, a comprehensive indicator of prices for goods and services used in daily life, increased to 9.1% over the previous year. The traditional and cryptocurrency markets have co...
Michael Saylor Discloses Real Value of Bitcoin Despite Record Inflation
Gamza Khanzadaev MicroStrategy’s CEO continues to endorse BTC amid bad inflation report The main subject of discussion on financial markets, and in crypto in particular, was the record U.S. inflation,...
Is Soaring US Inflation Rate Hurting Bitcoin’s Revival Chances?
Key inflation data in the United States in June was just released by the Bureau of Labor Statistics on Wednesday, highlighting among many things that consumers are paying much more for basic necessiti...
Fighting the crypto winter and token protocol inflation in 2022
There is an old saying, “cash is king,” but if it is sitting in a bank account or, in the case of crypto — a wallet, it diminishes daily due to inflation. This is especially the case now as inflation ...
The Fed is winning against inflation despite red-hot June CPI number, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that while consumer prices rose sharper in June than Wall Street expected, the Federal Reserve is close to beating inflation. “I think we have a real sh...
Inflation soars 9.1% but attention could turn to supply-side – A Deep Dive
In what has become (almost) commonplace, the US CPI headed higher once again, galloping to 9.1% on an annual basis in June and registering a 41-year high. The latest inflation print outdid both May’s ...