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St. Louis Fed President Says Central Bank’s ‘Credibility Is On the Line’ as US Inflation Surges

Inflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 per…

Continue ReadingSt. Louis Fed President Says Central Bank’s ‘Credibility Is On the Line’ as US Inflation Surges

US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth

Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index…

Continue ReadingUS Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth

Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound

Ethereum price is back above its 50-week exponential moving average, a credible support level from the 2020-2021 market boom.

Continue ReadingEthereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound

Coinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoin’s Ups and Downs

Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase…

Continue ReadingCoinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoin’s Ups and Downs

Fearing a Hawkish Fed: Economists Focus on Upcoming FOMC Meeting as Global Market Rout Slows

Global markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday concerning changing the current…

Continue ReadingFearing a Hawkish Fed: Economists Focus on Upcoming FOMC Meeting as Global Market Rout Slows

Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’

Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and…

Continue ReadingMatrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’

Global Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan Announcement

Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal…

Continue ReadingGlobal Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan Announcement