13 / 21 Relevant items tagged with #inflation

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Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency

[Jun 25, 2023 5:30 AM] The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level…

Record High Credit Card Debt: 55% of Americans Concerned About Repayment as Inflation Pushes Consumers to Credit Reliance

[Jun 24, 2023 1:30 PM] According to a Newsweek poll conducted by Redfield & Wilton Strategies, 55% of Americans are “very” or “fairly” concerned about paying off credit debt this year. The total credit card balance of Americans is at its…

Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’

[Jun 21, 2023 11:30 AM] Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressure

Anticipation Builds as US Central Bank Eyes Two More Rate Hikes, Targeting 5.6% by Year-End

[Jun 20, 2023 9:30 AM] After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level…

Ethereum Core Devs Weigh Pros and Cons of Raising Validator Threshold From 32 ETH to 2,048 ETH

[Jun 19, 2023 3:30 PM] Ethereum’s core developers are engaged in discussions about raising the validator threshold from 32 ETH to 2,048 ETH. This proposal, put forward by Michael Neuder, a researcher from the Ethereum Foundation, aims to address concerns related…

Economist Steve Hanke Warns of an ‘Ugly’ Recession Looming and Accuses Federal Reserve of Directionless Policies

[Jun 17, 2023 3:30 PM] Steve Hanke, an economist and professor of Applied Economics at Johns Hopkins University, as well as a former member of Ronald Reagan’s Council of Economic Advisors, recently expressed his belief that the U.S. Federal Reserve is lacking…

Fiat Mindsets Are Making My Patients Unhealthy, But Bitcoin Can Help

[Jun 15, 2023 6:00 AM] This is an opinion editorial by Travis Headley, an emergency medicine physician and medical director of an urban emergency department.As an emergency medicine physician, I witness the impact of various societal factors on the health and well-being…

Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year

[Jun 14, 2023 1:20 PM] In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is…

Fed Leaves Policy on Hold, Ending Long String of Rate Hikes

[Jun 14, 2023 12:04 PM] The U.S. central bank signaled it might restart rate hikes in coming months if inflation doesn't continue to recede.

US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates

[Jun 13, 2023 10:30 AM] The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open…

U.S. CPI Inflation Slowed to 0.1% in May; Bitcoin Rises

[Jun 13, 2023 6:34 AM] The news on consumer prices comes one day ahead of the results of the Fed's latest monetary policy meeting.

Bitcoin, Ethereum Technical Analysis: BTC Above $26,000 Ahead of US Inflation Report

[Jun 13, 2023 6:31 AM] Bitcoin rose above the $26,000 level on Tuesday, as markets prepared for the latest U.S. inflation figures. Consumer prices for May are expected to fall to 4.1% — double the Federal Reserve’s 2% target. Ethereum remained below $1,800…

BTC price focuses on $26K as Bitcoin traders brace for CPI volatility

[Jun 13, 2023 2:39 AM] Bitcoin has plenty of resistance levels to deal with as CPI starts a major macro week for risk asset markets.

Crypto Catalyst Watch: What Might Move Markets This Week

[Jun 12, 2023 12:27 PM] The Federal Reserve’s latest rate hike decision and U.S. inflation data are among key upcoming items.

The first-world debt crisis means you can expect more pain ahead

[Jun 12, 2023 12:21 PM] You should be prepared for gradual deterioration in your quality of life — or search for alternative assets that could protect your wealth.

Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals

[Jun 11, 2023 7:30 PM] People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank…

IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead

[Jun 9, 2023 8:00 AM] On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need…

‘$31K was not the end’ — 5 things to know in Bitcoin this week

[Jun 5, 2023 2:51 AM] Bitcoin analysts are gearing up for a break toward the $30,000 mark, but what will BTC price action offer in the coming days?

Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market as US Economy Worsens

[Jun 5, 2023 2:00 AM] Arthur Hayes, the former CEO of Bitmex, predicted the coming of a bitcoin bull market in the last two quarters of 2023. In his latest article, Hayes states that for investors, patience is vital, as he explains that the U.S. Federal Reserve will be…

Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July

[Jun 3, 2023 3:30 PM] Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME…

‘Weaponization Project of the Dollar’: Asian Countries Talk De-Dollarization; Jim Rogers Says USD’s Time ‘Coming to an End,’ and More — Week in Review

[May 28, 2023 8:00 AM] The future fate of the U.S. dollar continues to dominate financial news, as investor Jim Rogers says the USD’s time is “coming to an end,” and nine Asian countries have been discussing de-dollarization measures in Iran. In other…

China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default

[May 27, 2023 12:00 PM] China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States’ credit rating. The agency lowered the rating from AAAg to AAg+ and attributed this decision to…

How I Preserve My Wealth With Bitcoin

[May 27, 2023 6:00 AM] This is an opinion editorial by Konstantin Rabin, a finance and technology writer.Good ol’ bitcoin, the granddaddy of cryptocurrency, is increasingly being used as a reliable store of value for those looking to move away from the more established…

This bearish technical pattern hints at a double digit drop in Bitcoin price

[May 25, 2023 2:36 PM] Inflation concerns and the U.S. debt standoff cast a long shadow over Bitcoin’s dwindling bullish prospects.

Bitcoin’s Doldrums Below $26.5K Endure as Investors Weigh Debt Ceiling Stalemate, Latest FOMC Minutes

[May 24, 2023 3:14 PM] The largest cryptocurrency by market capitalization sank below $26.2K early Wednesday after disappointing U.K. inflation data.

Ron Paul Denounces US Government ‘Deceptions’ on Inflation; Mentions Federal Reserve Involvement

[May 22, 2023 1:30 AM] Ron Paul, a former congressman from Texas and former U.S. presidential candidate, has reflected on how the U.S. government is handling inflation and how it has been deceitful on the issue. Paul believes that if the U.S. government were to really…

Rate Hikes Affecting Housing Markets in Eurozone, United States, ECB Study Shows

[May 18, 2023 4:00 PM] Interest rate hikes in the euro area are already causing a decline in housing investment, the zone’s central bank revealed in a study. While smaller than in the United States, the impact of the monetary policy tightening on the Old Continent is…

Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023

[May 18, 2023 2:25 PM] At the Bitcoin Builders Conference, Daniel Fogg from IOV Labs and Rootstock spoke with Cointelegraph about how emerging markets are shaping the future of the crypto space.

Economist Peter Schiff Warns About a New, Incoming Great Depression Crisis, Criticizes Misleading Inflation Numbers

[May 16, 2023 1:00 AM] Peter Schiff, best-selling author and chief economist of Europac, has warned about the coming of a new great depression period in America. In an interview, Schiff stated that official Consumer Price Index (CPI) numbers were designed to mislead the…

Amid ‘Regulatory Apparatus’ Against Crypto, Paul Tudor Jones Maintains Bitcoin Allocation 

[May 15, 2023 4:30 PM] In a recent interview, the renowned investor Paul Tudor Jones expressed his perspective on bitcoin, acknowledging that there might be regulatory challenges ahead. However, Jones emphasized his unwavering commitment to the dominant cryptocurrency…