10 / 20 Relevant items tagged with #inflation
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Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’
[Aug 11, 2023 11:30 PM] Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article…
US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions
[Aug 10, 2023 11:30 AM] The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Slip on Thursday, Despite Inflation Cooling Off in US
[Aug 10, 2023 7:10 AM] Bitcoin retreated from a recent high on Thursday, in light of a much anticipated inflation report from the United States. The consumer price index declined to an annual rate of 3.2% last month, with core inflation falling to 4.7%. Ethereum also…
U.S. July CPI Matches Estimates With 0.2% Monthly Growth
[Aug 10, 2023 6:40 AM] This morning's inflation numbers are among the key pieces of data the Fed will be looking at next month as it determines the course of monetary policy.
Bitcoin hugs $29.5K into CPI as odds split over new US inflation spike
[Aug 10, 2023 5:23 AM] Bitcoin looks set to benefit little from the latest CPI figures, analysts warn, with fresh BTC price losses firmly on the cards.
Bitcoin Traders Should Watch Wider Inflation Metrics, Not Just CPI
[Aug 10, 2023 4:34 AM] Wider metrics suggest a flare-up in inflation in months ahead, which may trigger a sharp repricing of interest rate expectations, bringing downside volatility to risk assets, including bitcoin.
First Mover Americas: Bitcoin Flirts With $30K as Traders Await CPI
[Aug 9, 2023 6:18 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Argentine Peso Plunges to Historic Lows as Uncertainty Rules Before Elections
[Aug 8, 2023 2:00 PM] The exchange rate of the Argentine peso reached historic lows Monday in a decline that took its exchange rate to almost 600 pesos per U.S. dollar. Economists state that the uncertainty of the upcoming elections caused key bagholders to hedge their…
Should you just wait for October to trade Bitcoin?
[Aug 8, 2023 8:15 AM] The months of August and September haven't been the best for Bitcoin price historically, and with volatility at historic lows, traders may want to wait it out.
Federal Reserve Governor Hints at More Interest Rate Hikes
[Aug 8, 2023 12:30 AM] Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs that…
Buffett and Ackman take opposing sides on Treasury yields — What does it mean for Bitcoin?
[Aug 7, 2023 11:30 AM] Two investment moguls are betting on different directions for inflation and Treasury yields, with potentially negative impacts on Bitcoin.
CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst
[Aug 7, 2023 10:33 AM] Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024.
BTC price meets CPI as volatility 'collapses' — 5 things to know in Bitcoin this week
[Aug 7, 2023 3:20 AM] Bitcoin is frustratingly calm and volatility is near historic lows — what could provide BTC price action with fresh fuel to discover a trend this week?
Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’
Poll: Majority of Americans See US Economy in Decline
[Aug 3, 2023 3:30 PM] Despite months of increasingly positive economic indicators, a majority of Americans still believe the economy is worsening, according to a new CNN poll. CNN Poll Reveals Majority See Worsening Economy The survey of 1,279 adults found that 51%…
Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials
[Aug 3, 2023 11:30 AM] Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production…
Japanese Yen Hits 20-Year Low Against US Dollar; BOJ Maintains Loose Policy Amid Inflation Pressures
[Aug 2, 2023 8:00 AM] In the last month, Japan’s official currency has dipped slightly more than 1% in comparison to the U.S. dollar. Then, on Tuesday, the Japanese yen plummeted to its weakest position against the greenback in over 20 years, a shift that came…
Cato Institute Experts: Dollarization ‘Protects Ordinary People’s Purchasing Power’
The Growing Disconnect In Financial Markets
[Jul 29, 2023 3:00 AM] The article below is from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe…
European Central Bank Follows US Fed’s Footsteps With 25 BPS Hike
[Jul 27, 2023 2:00 PM] On Thursday, the Governing Council of the European Central Bank (ECB) announced that it was raising “three key ECB interest rates” by 25 basis points (BPS) in a move similar to the one taken by the United States Federal Reserve. The US Federal…
ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns
[Jul 27, 2023 12:30 PM] The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by…
Real Estate Investors Should Consider Strategies For Bitcoin, A Superior Store Of Wealth
[Jul 26, 2023 6:00 AM] This is an opinion editorial by Leon Wankum, a HODLer who is active in real estate and venture capital with a master’s degree in financial economics.Real estate has proven to be an effective store of value over the last few decades, with property…
Economist Jim Rickards States BRICS Currency Will Leverage Gold to ‘Destroy the Dollar’
From rugs to riches: UK carpet retailer to adopt Bitcoin Standard
[Jul 24, 2023 5:29 AM] With inflation running high and sluggish UK banking interest rates, small businesses in the United Kingdom are turning to novel solutions to save money.
Biggest mining difficulty drop of 2023? 5 things to know in Bitcoin this week
[Jul 24, 2023 4:04 AM] Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
End of Fed’s Tightening Cycle: Bernanke, Majority of Polled Economists See Terminal Rate Hike Ahead
[Jul 23, 2023 3:30 PM] With just a four-day window to go, the U.S. Federal Reserve appears primed to raise the federal funds rate by 25-basis-points (bps) at the forthcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The market presently…
BTC to Peak at $42K in 2023: Finder’s Bitcoin Price Predictions Report
[Jul 21, 2023 1:30 PM] Bitcoin is expected to reach its peak at $42,000 in 2023, with an end-of-year price prediction of $38,000, according to Finder’s bitcoin price predictions report. The report, based on a survey of 29 industry specialists, reveals that 43% of…
Nigeria Declares Food Emergency After Sixth Consecutive Increase in Inflation Rate
[Jul 19, 2023 5:30 AM] The Nigerian government declared a food price emergency after the latest data from the National Bureau of Statistics (NBS) showed that the country’s inflation rate had gone up by 0.38% to 22.79%. The NBS said the June inflation figure does…