Bitcoin has seen some relief in the past couple of days with a 4.5% profit in 24-hours. The first crypto by market cap trades at $42,947, after climbing back from the lows at around $39,000. BTC trend...
Tag: Inflation
Why 7% Inflation Today Is Far Different Than in 1982
Consumer price inflation in December, at 7%, was last this high in the summer of 1982. That’s about all the two periods have in common. Today, the inflation rate is on the rise. Back then, it was fall...
Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices at a 40-year high, it’s time to follow his lead
Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices at a 40-year high, it’s time to follow his lead Price levels continue to rise at a rate we haven...
US inflation rate hit 7% in December, four decade high
The December Consumer Price Index (CPI) in the U.S. rose to 7.0 percent year-over-year, according to the latest inflation report from the U.S. Labor Department’s Bureau of Labor Statistics (BLS) on We...
Rapidly rising food prices may give restaurants an edge—here’s why
Erick Williams, chef/owner of Virtue restaurant in Chicago’s Hyde Park, preps a beet salad on Feb. 4, 2021. Jose M. Osorio | Chicago Tribune | Tribune News Service | Getty Images Food prices are...
What to buy as U.S. inflation hit a new 40-year high
Consumer prices in the U.S. climbed to a new 40-year high in December, but CIC Wealth’s Malcolm Ethridge says some stocks can withstand the inflationary pressures and do good in 2022. Ethridge&r...
Gas And Meat Prices Finally Fall—But Cars, Housing, Medical Care And More Still Fuel Inflation Surge
Topline Though long-rising gas and meat prices are finally starting to cool off, surging prices for a slew of critical goods—including used cars, food and housing—helped inflation notch a new 39-year ...
Stocks rise as investors eye inflation data, showing biggest jump since 1982
Stocks rose Wednesday as investors eyed a new report on inflation, which showed another decades-high rate of price increases across the recovering economy. Still, this came a day following remarks fro...
Inflation fuels holiday online sales to record $204 billion: Adobe
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Sega...
Inflation rises 7% over the past year, highest since 1982
Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge the Labor Department released Wednesday. The consumer price index, a gauge ...
Bitcoin shoots to $44,000 as US inflation hits 7% in December
The latest figures from the United States Bureau of labor statistics show that the (Consumer Price Index) CPI hit 7% in December. Bitcoin (BTC) was volatile prior to the announcement, fluctuating ove...
Inflation Spiked Another 7% In December—Hitting New 39-Year High As Fed’s Price Concerns Rattle Markets
Topline Consumer prices rose 7% in the 12 months ending in December, according to data released Friday by the Labor Department, ticking up only slightly after a massive surge in recent months but stil...
Bitcoin Rises as Inflation Hits 7% – Trustnodes
US inflation has reached an expected 7% in December according to the latest data by the US Bureau of Labour Statistics. It said: “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5...
EUR/USD Signal ahead of key US inflation data
The EUR/USD pair moved sideways as investors reflected on this week’s testimony by Jerome Powell and the upcoming American consumer and producer inflation data. It is trading at 1.1363, which is a few...
Cathie Wood rejects Fed’s inflation “jawboning,” pivots back to deflation narrative
Wall Street’s rate-hike jitters have wreaked havoc on high-growth tech stocks — and Cathie Wood’s Ark ETFs were front and center for the damage yet again. Still, Wood dismissed concerns over inflation...
Dow Jones Gains As Powell Makes Inflation Pledge; Tesla Stock Does This; GE Stock Rallies
The Dow Jones gained as Federal Reserve chairman Jerome Powell made an inflation pledge. Tesla (TSLA) stock carved out a new entry, while Rivian Automotive (RIVN) advanced on a new analyst rating. Gen...
Should you buy the dollar index ahead of US inflation data?
The US dollar index (DXY) crossed an important support level after the latest testimony by Jerome Powell, the Federal Reserve chair. It is trading at $95.55, which is about 1.50% below the highest lev...
Mark Cuban Doesn’t Believe in Bitcoin’s Role as a Hedge Against Inflation
Some cryptocurrency investors believe Bitcoin is a hedge against inflation, but American billionaire Mark Cuban doesn’t think the narrative is true. Bitcoin Will Never Be a Hedge Against Inflation The...
Mark Cuban Says Bitcoin Is Not and Will Never Be an Inflation Hedge
The owner of the Dallas Mavericks – Mark Cuban – argued that Bitcoin (BTC) could not be considered a hedge against inflation. He once again opined that Dogecoin (DOGE) is better suited for payments th...
Economist Alex Kruger Says Inflation Data Will Dictate Next Phase of Bitcoin (BTC) and Crypto Market Cycle
A closely followed economist is keeping a close watch on inflation data as he believes the next update could determine the direction of the crypto markets. Alex Kruger tells his 117,100 Twitter follow...
Mark Cuban says BTC is not and will never be a hedge against inflation
American billionaire entrepreneur Mark Cuban has come out to bash Bitcoin (BTC/USD), saying the flagship cryptocurrency cannot serve as an inflation hedge. In the same breath, the Dallas Mavericks own...
Fed Chair Powell says rate hikes, tighter policy will be needed to control inflation
U.S. Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, ...
Stocks Rally After Powell Says Fed Not Afraid To Raise Rates Further If Higher Inflation Persists
Topline The stock market jumped—erasing earlier losses—after Federal Reserve Chairman Jerome Powell pledged in testimony before the Senate on Tuesday that the central bank wouldn’t hesitate to raise i...
Federal Reserve Not Afraid To Raise Rates Further If Higher Inflation Persists, Powell Says
Topline The stock market turned positive after Federal Reserve Chairman Jerome Powell pledged in testimony before the Senate on Tuesday that the central bank wouldn’t hesitate to raise interest rates ...
Watch Fed Chair Jerome Powell testify live at his Senate confirmation hearing
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Tuesday before the Senate Banking...
Powell Says Fed to Ensure Inflation Doesn’t Take Root in Economy
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve Chair Jerome Powell said the central bank ...
Will Team Biden Increase Retail Tariffs?
USA and China – trade war on two flags getty It was former President Trump who developed the China trade war – as retailers were broadcasting stern warnings that inflation would spike sign...
Stock markets, eyes on US inflation
A new week began for equity markets, with stock exchanges around the world reopening after the weekend break and days of strong swings. Stock markets open the week well in Asia As always, we start in...
Worried About Inflation? Check Out This 7% Treasury Savings Bond.
Text size The Treasury Building Chip Somodevilla/Getty Images One of the best deals for savers now are Treasury Series I savings bonds now paying a 7.12% interest rate. The savings bonds, available el...