British pound below $1.14 for the first time in 37 years as the U.S dollar’s rally continues
admin The British pound on Friday crashed to its lowest level against the U.S. dollar since…
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Any doubt Fed will raise rates by 75 basis points next week is gone after hot U.S. inflation data
Any doubt that the Federal Reserve will raise its its benchmark interest rate by 0.75…
Read MoreBitcoin slips below $20,000 following Powell’s hawkish remarks
The price of bitcoin dipped below $20,000 over the weekend, after Federal Reserve Chairman Jerome…
Read MoreFed’s Powell says bringing down inflation will cause pain to households and businesses in Jackson Hole speech
Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat…
Read MoreEuro returns to parity vs. the dollar as energy price spike raises eurozone economy fears
The euro fell below parity against the dollar again as traders dumped the single currency…
Read MoreU.S. stocks open lower as traders brace for volatility amid monthly options expiration
U.S. stocks opened lower on Friday as traders braced for more volatility with more than…
Read MoreFederal Reserve officials back moving interest rates higher in order to slow the economy, minutes show
Federal Reserve officials in July agreed that it was necessary to move their benchmark interest…
Read MoreNew York Empire State factory gauge plunges in August deep into contraction territory
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing…
Read MoreNew York Empire State factory gauge plunges in August deep into contraction territory
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing…
Read MoreBitcoin tops $25,000 level for first time since early June
The price of bitcoin briefly hit $25,000 on Sunday for the first time since June.…
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