News with the tag "Inflation rate"

U.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower. The closely-watched Consumer Price Index (CPI) rose 0.5% in January versus an expected 0.3% and December's 0.4% pace. On a year-over-year basis, CPI was higher by 3.0% against forecasts for 2...

Federal Reserve Bank of Cleveland President Beth Hammack said she dissented at this week’s central bank meeting because interest rates should not have been moved higher or raised further until significant progress has been made on cooling inflation. Hammack said rates are getting close to neutral, n...

This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Inflation, Memecoin drama, the SEC, and More The ...

Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting co...

A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking protests...

Following its monetary policy meeting, the Bank of Japan opted to maintain its interest rate at 0%-0.1%. This decision was in accordance with expectations set by economists surveyed by Reuters. In light of Tokyo’s April inflation figures falling below projections, with core inflation at 1.6% compare...

Following its monetary policy meeting, the Bank of Japan opted to maintain its interest rate at 0%-0.1%. This decision was in accordance with expectations set by economists surveyed by Reuters. In light of Tokyo’s April inflation figures falling below projections, with core inflation at 1.6% compare...

Following the latest Halving, Bitcoin’s inflation rate has officially become lower than Gold’s, making BTC the scarcest asset in history. Bitcoin Halving Results In Inflation Rate Dropping To Just 0.83% In its latest weekly report, the on-chain analytics firm Glassnode discussed the impact of the la...

Investors are closely eyeing the release of US Producer Price Index (PPI) data today as it holds significant implications for various markets, including the crypto domain. Moreover, analysts have rolled out analysis for the aftermath of the US PPI report release on the crypto market. How Will The PP...

The Fed is expected to cut interest rates by over 100 basis points in 2024 as inflation rates fall, adopting a more dovish monetary policy stance. Image by Monster Ztudio, Adobe Stock. The U.S. Federal Reserve is likely to adopt a dovish monetary policy stance in 2024, according to projections publi...