A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters Stocks futures inched higher in overnight trading as investors weighed the late...
Tag: Inflation
Inflation is a massive problem that can no longer be hidden
Yesterday, the White House came out with the below video, warning the public that the inflation readings were going to be “extraordinarily elevated”. That in itself is the first qualm I have – the ver...
Bitcoin has initial positive reaction as inflation hits 8.5% with March CPI data matching forecast
The price of Bitcoin rose after March CPI data confirmed that inflation in the U.S. continues to increase, hitting the highest level in 40 years. However, with the price of Bitcoin currently down 11% ...
U.S. Government Declares Over 8% Inflation in March as Crypto Markets Crash – crypto.news
Inflation rates in the U.S. are set to reach record highs as the Biden administration seeks to minimize the damage. In addition, there are fears from financial analysts who noted that U.S. living cost...
Inflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5% – Economics Bitcoin News
Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (B...
Experts Believe Inflation May Have ‘Peaked,’ But Prices Will Remain Elevated This Year
Topline Despite consumer prices hitting a new four-decade high last month, the latest data show several signs that prices may be moderating slightly, with economists now predicting that inflation may ...
US Inflation Jumps to Fresh 4-Decade High of 8.5% in March
“Inflation likely peaked in March, with the biggest contributions coming from gasoline and food prices, which could stabilize in the next few months,” Navy Federal Credit Union’s cor...
As inflation hits a new 40-year high, 5 financial advisers on what they’re doing with their own money amid high inflation
Getty Images/iStockphoto The annual rate of inflation in the U.S. rose to 8.5%, which is a four-decade high, new consumer price index data revealed. Inflation hasn’t been this high since the early 198...
Bitcoin spikes with stocks as US inflation hits highest since 1981
Bitcoin (BTC) saw a brief boost on April 12 after the United States saw its highest Consumer Price Index (CPI) data since 1981. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Inf...
Airfare surged 20% over pre-pandemic levels as inflation hit vacations
Travelers wait in line at the Delta Air Lines check-in area at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Elijah Nouvelage | Bloom...
Concerned about inflation? Here’s why stock investors should stay the course, says Ritholtz COO
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, March 30, 2022. Brendan McDermid | Reuters For stock investors pondering how to ride out the worst bout of inflation in f...
Markets Are Ignoring 8.5% Inflation Spike And Watching This Number Instead
Topline The stock market moved higher on Tuesday, even after consumer prices spiked 8.5% in the 12 months ending in March, as some investors hope that inflation is showing signs of moderating, with co...
BTC Back Above $40,000 Following Record U.S. Inflation Data – Market Updates Bitcoin News
Bitcoin and ETH both fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose t...
Prospects of Global Recession Rise as Inflation Hits Record 8.5%
Key Takeaways According to today’s CPI data, the U.S. annual inflation rate has hit a 41-year high of 8.5%. The Fed is signaling resolve about tightening policy to curb the worst inflation in fo...
Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981
Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday. The consumer...
March consumer inflation expected to be the hottest since 1981
A customer selects food from a freezer at a supermarket on January 12, 2022 in New York City. Liao Pan | China News Service | Getty Images Consumer price inflation in March is expected to have spiked ...
Inflation Hits 40-Year High—Spiking 8.5% In March As Ukraine Invasion Fuels Oil Prices
Topline Consumer prices rose 8.5% in the 12 months ending in March, according to data released Tuesday by the Labor Department, climbing at the quickest pace in four decades following an unprecedented...
What made Inflation in China go beyond the expert’s expectations?
Both consumer and producer price index in China has seen a surge, which would make the revival of the economy much slower than before Consumer Prices in China rose slightly last month when the public ...
Danish Inflation Rate Hits Nearly 40 Year High – Worst to Come
Danish inflation has hit a 37-year high and economists are warning it will rise further, impacting millennials and young adults the most. Denmark’s largest bank, the Danske Bank, published a report on...
White House in Damage Control Mode as Crypto Markets Brace for 8%-Plus Inflation
Psaki’s comments perhaps indicate the White House expects the headline inflation to cool in the coming months, as the panic in the energy market has faded. Gas prices in the U.S. have pulled bac...
China inflation makes it harder for PBOC to cut interest rates US Fed
Transportation fuel prices rose by 24.1% in China in March 2022 from a year ago, the largest increase within the country’s consumer price index. Vcg | Visual China Group | Getty Images BEIJING —...
Brace for Crypto Market Volatility As the U.S. Is Set to Report Its Highest Inflation Numbers
After a strong show in March and early April, the crypto market has come under severe pressure! Investors are keen to move their funds to risk-averse assets as inflation numbers are soaring high and t...
Extraordinarily elevated inflation expected tomorrow, April 12. Will Bitcoin react?
As Bitcoin drops into the $39,000 range for the first time since March 16, the White House has just announced. They expect “extraordinarily elevated” headline CPI data to be released tomorrow, April 1...
Retail’s Pending Recession Is Fueled By Inflation With Seeds Of Stagnation
The Cyclone rollercoaster at Coney Island at night. (Photo by: Loop Images/Universal Images Group … [+] via Getty Images) Universal Images Group via Getty Images While everyone awaits the releas...
Jim Cramer says he would buy Hershey stock now and down on the ‘next inflation scare’
CNBC’s Jim Cramer on Monday advised investors to pick up stock of Hershey for their portfolios. “Hershey’s the most consistent growth stock in a group where safety’s first, and...
Stock futures inch higher ahead of big inflation report
U.S. stock futures inched higher in overnight trading as investors braced for a key inflation report Tuesday. Future on the Dow Jones Industrial Average gained 30 points or 0.1%, while S&P 500 fut...
White House expects big price hikes in March CPI report
White House press secretary Jen Psaki answers questions during the daily briefing on March 09, 2022 in Washington, DC. Psaki answered a range of questions related primarily to Russia’s invasion ...
CNBC + Acorns Invest in You survey
Moyo Studio | E+ | Getty Images As the coronavirus pandemic wears on and government aid sent at the beginning of the crisis runs out, Americans are feeling the impact of tight budgets. One-quarter of ...
U.S. inflation could affect 2022 Senate midterms in Georgia, Arizona
Republican activists seek drivers’ attention as they work to register voters to their party at a gas station in Garden Grove, California, U.S., March 29, 2022. Mike Blake | Reuters Matthew Rice...
Chairman Yi Huiman’s Weekend Speech Promising, Other Headlines Contribute To Weekend Weakness
China Last Night KraneShares Key News Asian equities had a poor start to the week following an eventful news weekend. Covid risk continues to weigh on China markets as a lockdown in Guangzhou was anno...
Consumer fears over inflation hit a record high in March, New York Fed survey shows
A motorist pumps gas at a Valero station along Encinitas Blvd in Encinitas, CA on Tuesday, April 5, 2022. Sandy Huffaker | The Washington Post | Getty Images Worries are increasing over inflation, wit...
Stocks Lower, Earnings, Elon Musk, Twitter, AT&T-5 Things To Know
Here are five things you must know for Monday, April 11: 1. — Stock Futures Edge Lower, Oil Prices Slide U.S. equity futures edged lower Monday, while Treasury bond yields and the dollar contin...