Consumer price index September 2022:

Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the US economy. The consumer price index increased 0.4% for the month, more than the 0.3% Dow Jones estimate, according to the Bureau of Labor Statistics. On a 12-month basis, so-called … Read more

The charts of Tesla, Ark and bitcoin are all flashing the same big warning for investors

The charts of bitcoin, Tesla and Ark Innovation ETF are all showing the same thing: That the market for the some of the riskiest holdings is at an inflection point. That could be a warning sign for the broader market as well. Jonathan Krinsky, chief market technician at BTIG, says all three are testing key … Read more

Bitcoin dips to $19,200 as global financial markets tumble

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (KitcoNews) – The downtrend in the cryptocurrency market that began on Friday extended into trading on Monday as investors await a collection of … Read more

The Federal Reserve Versus UN And OPEC – Bitcoin Magazine

“Fed Watch” is a macro podcast, true to bitcoin’s rebel nature. In each episode, we question mainstream and Bitcoin narratives by examining current events in macro from across the globe, with an emphasis on central banks and currencies. Watch This Episode On YouTube Gold Rumble Listen To The Episode Here: In this episode, CK and … Read more

This Billionaire Says Inflation Will Last ‘For Years’ And Bitcoin May Become ‘Worthless’

Thomas Peterffy, founder and CEO of Interactive Brokers listens to a question after addressing the World Federation of Exchanges (WFE) annual meeting in Paris on October 11, 2010. The WFE groups leading financial markets. AFP PHOTO ERIC PIERMONT / AFP PHOTO / Eric PIERMONT (Photo credit should read ERIC PIERMONT/AFP via Getty Images) AFP via … Read more

Britain is fed up, bitter, and practically broke – and it’s all going to get worse

Welcome to gerontocratic Britain. Sir Paul McCartney, 80, was the star attraction at the once youthful but now desperately middle-aged Glastonbury. Sir Elton John, 75, filled Hyde Park last weekend. The state pension is shooting up, financed by a tax raid on the young. The latest Census revealed that we are plunging into a catastrophic … Read more

The Bank of England’s credibility is now severely compromised

A lot of economic analysis and commentary is focused on how high the inflation peak will be. This is indeed an important matter. But I don’t think it is anything like as important as what happens afterwards. On an optimistic view, the inflation rate will fall back quite easily without much extra prodding from the … Read more

Michael Gove warns ‘tough times’ ahead as cost of living crisis worsens

B ritain faces “tough times” ahead as the Government and Bank of England act to “squeeze” inflation out of the economy, Communities Secretary Michael Gove has warned. As the Bank’s Monetary Policy Committee raised interest rates to 1.25% on Thursday Mr Gove said the UK was undergoing a “painful” economic “correction” as a result of … Read more

Another big Fed rate hike is coming. But how many more after that?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — The Federal Reserve is widely expected to raise interest rates by a half of a percentage point for the second consecutive time at the end of its … Read more

Inflation rises at fastest pace in 40 years, pushed up by record gas prices

CNN — The pain of higher prices continues for US consumers. Record gas prices inflation drove to 8.6% for the 12 months ending in May, higher than the pace in April, according to the latest Consumer Price Index, the government’s basic inflation measure. The reading for core CPI, which strips out volatile food and energy … Read more