Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, with the upcoming Fed meeting in focus. X The major indexes sold off hard late last week, tumbling bel...
Tag: Inflation
Exxon Responds To Biden’s Inflation Blame-Shifting Attack
LOS ANGELES, CALIFORNIA – JUNE 10: U.S. President Joe Biden delivers remarks aboard the Battleship … [+] USS Iowa Museum at the Port of Los Angeles on June 10, 2022 in Los Angeles, Califor...
Can Bitcoin (BTC) Crash To $15K After U.S. Inflation Data Today?
U.S. inflation data due later on Friday is expected to send ripples across markets, and could possibly break Bitcoin (BTC) out of its narrow trading range. Bitcoin (BTC) is trading around $30,000- a l...
These Reforms Would Increase Economic Growth And Help Alleviate Inflation
The high price of gasoline is displayed at a Los Angeles gas station on November 24, 2021. – With … [+] inflation surging ahead of the Thanksgiving holiday, US President Joe Biden has draw...
Inflation Soars To Highest Level In 40 Years As Recession Risk Rises
Coon Rapids, Minnesota. Billboard on the cruelties of inflation.. (Photo by: Photographer … [+] name/Universal Images Group via Getty Images) UCG/Universal Images Group via Getty Images The Bure...
CPI inflation rate reinforce economic concerns
The latest data released by the Bureau of Labor Statistics (BLS) in the United States shows that consumer prices surged 8.6% year on year in May. This is the highest annual rise since December 1981, d...
CPI inflation rate of 8.6% – what it means going forward
I’m nostalgic for the days when markets used to depend on Jerome Powell’s every word. To be honest, I’m nostalgic for green market days. Maybe I’ll be sitting on the couch in forty years, spinning tal...
Enhanced Bitcoin Volatility as May’s Inflation Numbers Come In
The United States Bureau of Labor Statistics released the Consumer Price Index for all urban consumers – the metric that’s largely used to gauge inflation in the country. This caused significant turbu...
Suze Orman says to do this right now if you’re worried about inflation
The rate of U.S. inflation reached a 40-year high of 8.6% in May as overall prices for things including rent, gas and food all remain on the rise. Financial commentator and host of the “Women & Mo...
What Wall Street is saying about May’s shocking inflation report
Inflation continued to surge in May, increasing at the quickest pace in 40 years as consumers face rising challenges at the gas station and grocery store. The Consumer Price Index (CPI) published Frid...
Stocks sink after inflation soars by most since 1981
U.S. stocks sank Friday as investors digested two downbeat prints on the U.S. economy. May data on inflation showed price increases unexpectedly accelerated last month, with consumer prices rising 8.6...
U.S. inflation hits 8.6% in May: ‘next measures will be even higher’
The S&P 500 index is down 3.0% on Friday after the U.S. Bureau of Labour Statistics said inflation accelerated again and hit a new forty-year high of 8.6% in May. Mohamed El-Erian reacts to the in...
US Inflation Quickens to 40-Year High, Pressuring Fed and Biden
(Bloomberg) — US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an ...
CPI Inflation Rate Shock Jolts Fed Policy Outlook; Dow Jones Tumbles
The consumer price index came in hotter than expected in May, as the CPI inflation rate eclipsed March’s 40-year peak. Following Thursday’s stock market rout, the Dow Jones fell sharply a...
Russian Central Bank Slashes Interest Rate To Pre Invasion Levels As Inflation Appears To Peak
Topline The Russian Central Bank on Friday revised interest rates down to 9.5%—the same as it was in February prior to Russia’s ongoing invasion of Ukraine—a sign that inflation in Russia may have pea...
AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40-Year High – Market Updates Bitcoin News
AVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States. Data showed that inflation is currently at 8.6%, which is close to a 40-yea...
CPI news sends stocks tumbling: inflation rate hits 40-year high
The Dow Jones Industrial Average is down more than 800 points on Friday after investors reacted negatively to the latest inflation data in the US. The consumer price index (CPI) data for May showed p...
Alibaba Bounces As China Outperforms On Muted Inflation, Week In Review
China Last Night KraneShares Week in Review On Monday, it was reported that the cybersecurity review of Didi had been completed. The review’s conclusion should allow Didi, along with Full Truck Allian...
Peter Schiff: real inflation rate ‘closer to 20%’
The US inflation reading for May came in at 8.6% year-on-year, its highest pace since 1981, to send markets plummeting. Peter Schiff, Chief Executive Officer at Euro Pacific Capital, says the real con...
U.S. Inflation Hits Four-Decade High of 8.6%
Key Takeaways Today’s U.S. inflation numbers came in at 8.6%, hitting a fresh 41-year high and significantly exceeding economists’ expectations. Inflation reaccelerating despite the Federa...
Dow Plunges 750 Points After ‘Very Troubling’ Inflation Report Fuels Fears Of Impending Recession
Topline Federal Reserve Board Chairman Jerome Powell testifies before a Senate committee in January. ASSOCIATED PRESS Key Facts Though at one point positive in pre-market trading, the Dow Jones Indust...
Bitcoin Down, DXY Up on Inflation Data – Trustnodes
Bitcoin has fallen to just above $39,000 while eth has dropped further, with it just about keeping $1,700. That’s on a very red day for stocks as inflation comes at 1% for May, or 8.6 percent on a sea...
US Inflation Rates Will Be Released Today ! How Will Crypto Market Respond ?
Bitcoin price is currently cemented along with $30,000 levels for nearly a month, waiting for a boost to break out of the consolidation. However, after a healthy accumulation BTC price was expected to...
Crypto Needs 5-10x Growth to Become an Inflation Hedge: Coinbase CEO
In the latest interview, Coinbase CEO Brian Armstrong shared his view on the broader market amid a months-long dump and the trajectory ahead of the company. He also commented on Ray Dalio’s “The Chang...
Inflation Unexpectedly Spiked 8.6% In May—Hitting 40-Year High As Gas Prices Surge Again
Topline Consumer prices rose 8.6% in the 12 months ending in May, unexpectedly returning to record levels—and climbing at the quickest pace in four decades—amid an unprecedented surge in gas prices. A...
USD/CAD forecast ahead of Canada jobs and US inflation data
The USD/CAD price has staged a strong recovery ahead of the upcoming US consumer inflation and Canada’s May jobs numbers. The pair rose to a high of 1.2743, which was the highest level since May 27th ...
The stock market and inflation: How the S&P 500 performs on CPI report days
Stock-market investors crowded the exits on Thursday, sending major stock indexes sharply lower a day ahead of another eagerly anticipated consumer-price index reading. Recent history may offer a clue...
Stocks fall sharply as Wall Street gears up for inflation data
U.S. stocks plunged Thursday as angst grew on Wall Street over key inflation data due out Friday. The S&P 500 tumbled 2.4%, and the Dow Jones Industrial Average shed 640 points, or 1.9%. The Nasda...
U.S. didn’t get any relief from high inflation in May – CPI to show another big gain
Wall Street is looking for a sign, any sign, that U.S. inflation is coming off a rapid boil. But they are unlikely to find much cooling off in May’s report on consumer prices. The consumer price index...
El-Erian Warns Inflation Has Yet to Peak as Energy Prices Rise
(Bloomberg) — Mohamed El-Erian, who almost a year ago accurately forecast that elevated US inflation would be persistent, says it hasn’t peaked. Most Read from Bloomberg The closely followed bon...