Topline As rapid inflation fuels growing recession fears, new data showed consumer prices rose 9.1% in the 12 months ending in June, hitting a worse-than-expected 40-year high after an unprecedented s...
Tag: Inflation
Inflation Crosses 9% – Trustnodes
Inflation rose last month to 9.1% according to the just released data by the Bureau for Labour Statistics. “The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a ...
Massive Bitcoin Volatility as US Inflation Clocks in at 9.1% for June
The US inflation numbers are in for June, and they continue going up. With this, BTC’s price is also experiencing enhanced volatility as the numbers clock in. Data from the US Bureau of Labor Statisti...
Inflation Likely to Climb to New 40-Year High
“In December, we expect the interest rate will quickly reach 350 basis points or higher (3.5%+), and it will likely remain in the 350~400 basis points range or higher throughout 2023 to curb hig...
Russia’s Failure To Reopen Nord Stream Pipeline Would Cripple Germany’s Economy
The critical Nord Stream 1 pipeline is closed for routine maintenance. There is concern that it may … [+] not reopen if Russia decides to escalate the Ukraine conflict. (Photo by Sean Gallup/Get...
Purported CPI Rates Drop the Market By 5%, Will Higher Inflation Rates Drag them to the Bottoms?
The inflation rates are about to be announced in a short while from now and the crypto markets are responding extremely negative. It’s been a couple of months that the markets are dropping heavily as ...
Bitcoin Price On A Recovery Mode! Is This Calmness Before US Inflation Uproar?
It was just a week ago that Bitcoin had started its recovery, but couldn’t hold on to it for long as the flagship currency started this week on a bearish note. While still, the currency is struggling ...
U.S. stock futures inch up ahead of CPI data that could show inflation at 40-year high
U.S. equity futures inched higher on Wednesday, though trading was timid ahead of U.S. data that could show stubborn inflation forcing a faster pace of rate rises from the Federal Reserve. How are sto...
The FED Measures Inflation In Bitcoin Terms, Tries To Fool The General Public
The tables have turned. The FED concedes defeat and acknowledges bitcoin. Of course, they twist both numbers and words to try to make it seem like the dollar is the better money, but we all know what’...
How Will Bitcoin (BTC) React To Sky-High Inflation Data?
Bitcoin (BTC) entered a holding pattern on Wednesday, ahead of data that is likely to show a massive spike in U.S. inflation. BTC is hovering above $19,000- and is expected to hold around that level u...
Fake Inflation Data Triggers BTC, ETH Price Dump
A fake news release claiming to disclose the Consumer Price Index for June 2022 caused a sharp downfall in crypto prices on Tuesday. The fake report detailed the CPI for June 2022 to rise by 1.7 perce...
China Lockdowns, Inflation Fuel 15% Drop In Global PC Shipments
Healthcare workers in protective gear give residents their Covid-19 tests in Shanghai on Sunday. … [+] Shanghai’s Covid-19 cases continued to rise, prompting authorities to declare more high-ris...
U.S. June inflation report circulating on internet Tuesday is fake, Bureau of Labor Statistics says
The U.S. Bureau of Labor Statistics said Tuesday that a release circulating online purporting to show June inflation data, due for release on Wednesday morning, was a forgery. “We’re aware of a fake ...
Stock market faces inflation test Wednesday: Here are ‘good, bad and ugly’ scenarios
Expectation for U.S. inflation have fallen over the past month thanks largely to the drop in industrial and agricultural commodity prices. This trend has shown up in the Federal Reserve Bank of New Yo...
Stock futures are flat with all eyes on June’s inflation report
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Stock futures were little changed in overnight trading on Tuesday as investors awaited a key inflation report that is expected to show a f...
The CPI Inflation Rate May Hit 9%; Dow Jones Rally Pauses
Inflation may finally be passed its peak, with gas prices pulling back since mid-June. But that won’t show up in tomorrow morning’s June consumer price index data, which is collected throu...
Costco hot dogs are safe from price hikes despite inflation, CEO says
Some good news for inflation-weary Americans: There will be no price hike on Costco‘s hot dogs. In an interview Monday on CNBC’s “Squawk on the Street,” CEO Craig Jelinek had a...
US Mortgage Rates Hit Reverse Ahead of US Inflation Figures
In the week ending July 1, mortgage rates fell for a second consecutive week. 30-year fixed rates tumbled by 40 basis points, following an 11-basis point decline from the previous week to end the week...
June Inflation Report In Next 48hrs! How Will This Impact Bitcoin Price?
While Bitcoin and other cryptocurrencies are trying to recover, all eyes are on the June consumer price index (CPI) data which is scheduled to be published on July 13. Investors and traders are keen t...
U.S. Inflation Data Will Make or Break Crypto Markets, Here’s Why
The U.S. Bureau of Labor Statistics will release the CPI data for the month of June on the 13th of July. The Consumer Price Index is a monthly data point that reveals the change in prices paid. It is ...
Dow Drops Nearly 200 Points As Investors Brace For Shaky Earnings Season, Looming Inflation Report
Topline Stocks fell on Monday as markets brace for the start of earnings season–with several major companies reporting quarterly results this week, as investors also remain nervous about the upc...
Experts answer three tricky questions about Series I bonds
The demand for Series I bonds, an inflation-protected and nearly risk-free asset, has skyrocketed as investors seek refuge from soaring prices and stock market volatility. While annual inflation rose ...
This Might Be Setup for Bitcoin Price as Community Awaits Key Inflation Decisions
According to Santiment, Bitcoin’s social sentiment is seeing an unprecedented level of optimism going into the second half of July as the community awaits key inflation data. The on-chain analyt...
Crypto analyst identifies key Bitcoin price levels to watch ahead of June’s inflation report
As the June consumer price index (CPI) data report is approaching, set to be published on July 13, cryptocurrency market investors and traders are exploring what effect the report could have on the pr...
USD/JPY prediction ahead of US consumer inflation data
The USD/JPY price jumped to a multi-decade high on Monday as the Japanese yen crash accelerated. The pair is trading at 136.83, which is about 8.8% above the lowest level in May this year. It has rise...
US inflation data will be ‘messy’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts another week in a precarious position near $20,000 ahead of fresh macro upheaval. After admittedly sealing its best week’s gains since March, the largest cryptocurrency is s...
Understanding How Bitcoin Halving Relates to the Coin’s Inflation – crypto.news
Inflation is one of the most daunting challenges facing any form of currency, not just cryptos. Untamed inflation results in the loss of a currency’s value and the gradual erosion of its purchasing po...
Tech Rebound Drives Equity Advance As The Dollar Hits New Highs
(Photo by Andrew Burton/Getty Images) Getty Images Stocks indices in the U.S. posted significant gains last week, led by a recovery in beaten-down technology companies. The Ark Innovation Fund ETF, $A...
Commodity price declines may shape Fed’s rate-hike path, says economist
A significant downturn in commodity prices could give the Federal Reserve cover to change its aggressive pace of planned interest rate hikes, according to a report from Capital Economics. The centra...
Here’s how bad inflation is in different countries around the world right now
American consumers have been plagued by soaring costs for everything from gas to used cars for over a year now. In May, inflation in the U.S. touched a fresh four-decade high, leading a majority of Am...
Fed Braces as Another Big US Inflation Number Looms: Eco Week
(Bloomberg) — US inflation data in the coming week may stiffen the resolve of Federal Reserve policy makers to proceed with another big boost in interest rates later this month. Most Read from B...
A Double-Dip Recession Is Coming. It Will Be Worse if the Fed Caves on Inflation
A double-dip recession like the one experienced in the early 1980s is likely, writes Robert Heller. Above, a line of people waiting to apply for jobs at a hotel in Tampa Bay, Fla., in 1982. AP/Shutter...