Getty Getty Key takeaways Inflation has decreased in the US six months in a row, a sign that the Fed’s aggressive interest rate-raising approach is working Stock markets have enjoyed a brief bump than...
Tag: Inflation
Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising – Economics Bitcoin News
The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little m...
Amid food inflation, more shoppers turn to dollar stores for groceries
A man looks at frozen foods for sale at a Dollar Store in Alhambra, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Among all rising costs, sky-high grocery bills have been espec...
Can Ethereum’s Variable Tokenomics Address Inflation? – Trustnodes
Bitcoin has a fixed supply. Ethereum has a variable supply whereby the supply decreases if the velocity of money increases, and vice versa. That’s a new invention in crypto money. Until now, there was...
The Inflation Reduction Act carves out an EV tax credit for 2023. Does Tesla qualify?
When times are tight, every penny counts. That goes for money back on a tax return too. If you purchased a Tesla, or another kind of electric vehicle, you may be eligible for over $7,000 in tax credit...
The ‘Egg Crisis’ – Another Pseudo-Inflation Phenomenon
“Eggs are eggs. People want eggs.” New York Times (Feb 3, 2023) PORTLAND, ME – JUNE 9: Becky’s Diner line cook Mike Sajecki cracks an egg onto the flat top, June 9, … [+] 2015. As th...
Opposite What Economists Believe, Rising Wages Signal Easing Inflation
In the closing months of 2020 as the horrid lockdowns related to the coronavirus began to ease, the American people started to live again. With restaurants in some cities re-opened for – gasp – actual...
Inflation is wreaking havoc on the American middle class and 8 out of 10 say they are spending their savings just to get by
Surging prices over the past year have hit many people in their pocketbooks. Average wages have risen somewhat, but not enough to keep up with inflation, which peaked in June at a 40-year high of 9.1%...
Make Makes Economies Strong?
‘We Can Do It!’, a poster by J. Howard Miller for Westinghouse Electric, aimed at boosting morale … [+] among the company’s workers in the war effort. The poster was displayed at Wes...
Can Decline in Inflation Affect ETH in February?
Contents Fall in Ethereum inflation Could this be good for Ethereum in February? During January, the cryptocurrency market witnessed a significant surge, and Ethereum (ETH) was among the beneficiaries...
Mr. Powell, Drop The Sledgehammer And Start Innovating
The US Federal Reserve System is living in the past and undoing the future. Chairman Jerome Powell and his colleagues have wielded interest rates like a sledgehammer, hoping to crush inflation the way...
FTSE 100 Break Out Preempts Bank Of England Surrender To Inflation
The U.K. financial system nearly broke this autumn when rising interest rates created a vicious … [+] circle of margin calls driving the stock market into free fall. getty The U.K. financial sys...
Bank of England’s Andrew Bailey tempers talk of pause, pivot in hikes
Governor of the Bank of England Andrew Bailey has talked down expectations that the central bank is readying to pause or pivot rate hikes. Yui Mok | Afp | Getty Images LONDON — The Bank of England on ...
How Does A Recession Affect The Average Person?
Getty Images Key takeaways We haven’t officially entered a recession in 2023 – but experts predict a 70% chance of one hitting before years’ end During a recession, the average person (i.e., you) is a...
Bank of England Projects Inflation Will Fall of a Cliff as it Hikes by 0.5% – Trustnodes
Disinflation is on. That’s according to projections by the Bank of England (BoE) which said “we expect inflation to fall quickly this year.” A quick dive is forecasted that expects inflation to fall t...
Fed rate decision February 2023: Quarter point hike
The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication it is nearing the end of this hiking cycle. Aligning with market expectatio...
Here’s everything the Fed is expected to do Wednesday
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Buildi...
Employment cost index Q4 2022:
Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off. The employment cost index, a baromete...
Why The Fed Will Keep Rates Above 4% For A Long Time
Ever upward, says the Fed. getty Higher for longer. That’s what numerous Federal Reserve officials have been saying about interest rates for some time. Nonetheless, many investors don’t take them at t...
Investors dangerously ignoring bear market impact on earnings
Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previou...
IMF hikes global growth forecast as inflation cools
The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund on Monday revised upward its global growth projections for the year, but w...
How the US Inflation Reduction Act Will Impact the Crypto Market
The Inflation Reduction Act that went into effect on January 1st, 2023. It has introduced several new taxes aimed at certain corporations and industries that could also affect the crypto market. Indee...
What To Look For In The Fed’s February Interest Rate Announcement
Jerome Powell, chairman of the US Federal Reserve, will announce the Fed’s decision on interest … [+] rates on February 1, 2023 Photographer: Ting Shen/Bloomberg © 2022 Bloomberg Finance L...
Opinion: The Fed expects a ‘soft landing’ and no recession for the economy. We could get stagflation instead.
I am especially wary of economists — that includes Federal Reserve members and well as former Fed members — who are quick to see a soft landing for the U.S. economy. Soft landings are rare. Former Fed...
Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply – Economics Bitcoin News
The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns ...
Markets Are Complacent Ahead Of The Fed Meeting
Jerome Powell, Chairman of the Federal Reserve Board, testifies during a House Financial Services … [+] Committee hearing on Capitol Hill in Washington, DC, February 27, 2018. (Photo by SAUL LOE...
Samsung Products May Soon Offer Telehealth
Last week, famed consumer electronics and digital technology leader, Samsung, announced a new partnership with IntelliTek Health, a company that has developed a patient centered virtual assistant tool...
‘Timing couldn’t be worse’: Inflation is easing, but more people are using credit cards for unexpected expenses — and the next Fed meeting will raise borrowing costs
A record number of people say they would need to pay for an unplanned $1,000 expense by using their credit card, according to a new survey showing the burden of high prices even as inflation rates ebb...
Fed Set to Shrink Rate Hikes Again as Inflation Slows
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve officials are set to shift down the pace o...
Market strategist David Rosenberg: U.S. stocks will drop 30%. Wait to buy them.
David Rosenberg, the former chief North American economist at Merrill Lynch, has been saying for almost a year that the Fed means business and investors should take the U.S. central bank’s effort to f...