Auto Added by WPeMatico

‘Big Short’ Investor Michael Burry Says ‘the Fed Has No Intention of Fighting Inflation’

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that the Federal Reserve “has no intention of fighting inflation.” He added that the Fed’s “Serial half-point…

Continue Reading‘Big Short’ Investor Michael Burry Says ‘the Fed Has No Intention of Fighting Inflation’

ECB to Cease Bond Purchases in Q3, Lagarde Says EU’s Economic Rebound ‘Crucially Depends on How the Conflict Evolves’

After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central…

Continue ReadingECB to Cease Bond Purchases in Q3, Lagarde Says EU’s Economic Rebound ‘Crucially Depends on How the Conflict Evolves’

Inflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5%

Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the…

Continue ReadingInflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5%

Bitcoin, Ethereum Technical Analysis: BTC Back Above $40,000 Following Record U.S. Inflation Data

Bitcoin and ETH both fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that…

Continue ReadingBitcoin, Ethereum Technical Analysis: BTC Back Above $40,000 Following Record U.S. Inflation Data