Inflation in the United States surged to an annual rate of 3.7% in August, surpassing the consensus expectation of 3.6%, according to the latest Consumer Price Index (CPI) statistics released by the U.S. Bureau of Labor Statistics. This marks the second consecutive month of rising inflation, with the CPI rising
During the last Federal Open Market Committee (FOMC) meeting in May, the chairperson of the Federal Reserve System (FED), Jerome Powell conveyed that the Central Bank in the U.S. won’t be proceeding with the hikes but rather will halt for a period. However, the upcoming FOMC meeting on June 13-14
Today, the world’s fourth-largest economy, Germany, was confirmed to be in recession due to the drop in the euro’s value. Meanwhile, the dollar reached a two-month peak as demand for safe-haven assets rose because of growing concerns about a US default on its debts. The biggest economy in Europe Germany
Jerome Powell, the Federal Reserve Chairman, stated that the central bank is strongly committed to returning inflation to the 2% goal. And the failure could cause greater harm to the economy. The statement raises the question of whether the failure also harms the crypto market. On May 19, while speaking
Balaji Srinivasan, the former CTO of Coinbase, revealed that he settled a notable Bitcoin bet made in March by contributing $1.5 million of his own money. When Srinivasan initially made his $1 million bet public in March, he claimed that because the world economy is about to experience an enormous
Central bank officials strive to stabilize Asia’s third-largest economy in the midst of challenging global conditions. While India’s Finance Minister Nirmala Sitharaman stated in the Reuters NEXT conference on Wednesday that she expects strong growth and lower inflation in the upcoming year. In addition, Nirmala Sitharaman specified Growth, health, and
Consumer prices have increased by 0.8 percent every month, speeding up from the 0.4 percent rise in July Bitstamp, Crypto.com, and Coinbase have received approval for their services in Italy. According to current trend happens, there has been widespread inflation all around the world. The recent data, Italy has had
The US dollar has overtaken the Euro for the second time in 20 years. The Euro exchange rate recorded its low value in September 2002. For the second time in 20 years, the Euro currency exchange rate has surged in value that is almost equivalent to the US dollar. On
Annual inflation rate exceeds the central bank’s prediction, rising to 7.3%. The price of constructing a new dwelling increases by 18% in a year. According to government data, the annual inflation reached a new 32-year high, increasing from 6.9% in the first quarter to 7.3%. Analysts predicted a 7.1% growth
The increase in food costs accelerated to 3.2% from November’s rate of 2.2%. France, Italy, and Spain this week registered new all-time highs in the inflation rates. Eurozone inflation climbed to a new level, consumer prices increased 8.6% from a year earlier in June, up from 8.1% in May, pushed
