Auto Added by WPeMatico

Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation

The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last…

Continue ReadingFederal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation

Bank of America Market Strategist Says ‘Summer Rally Is Over’ as Crypto and Stocks Slide Ahead of Fed Rate Hike This Week

Digital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week’s fall was one of the worst weeks in…

Continue ReadingBank of America Market Strategist Says ‘Summer Rally Is Over’ as Crypto and Stocks Slide Ahead of Fed Rate Hike This Week

US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’

On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and…

Continue ReadingUS Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’

Surge or purge? Why the Merge may not save Ethereum price from ‘Septembear’

Options data, macroeconomic catalysts and technical signals suggest a decline in Ethereum price is on the table despite the Merge.

Continue ReadingSurge or purge? Why the Merge may not save Ethereum price from ‘Septembear’

Gold and Silver Markets Shudder, Analysts Say Firm Dollar and Rate Hikes May Drag Precious Metal Markets Lower

Precious metal markets have shuddered during the last few weeks, as gold’s price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18…

Continue ReadingGold and Silver Markets Shudder, Analysts Say Firm Dollar and Rate Hikes May Drag Precious Metal Markets Lower

IMF Expects US Economy to Experience High Inflation for at Least Another Year or Two

The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point…

Continue ReadingIMF Expects US Economy to Experience High Inflation for at Least Another Year or Two

ECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation

According to the French politician currently serving as the president of the European Central Bank (ECB), Christine Lagarde, Europe’s scorching hot inflation can be blamed on climate change. During her…

Continue ReadingECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation

Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’

Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the…

Continue ReadingMarket Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’