The July consumer price data released Wednesday is the “first hint” that U.S. inflation might be slowing but doesn’t obviate the need for higher interest rates, said Minneapolis Fed President Read more
Tag: Money/Currency Markets
Mark Cuban says buying metaverse real estate is ‘the dumbest shit ever’
Billionaire entrepreneur Mark Cuban loves cryptocurrency and Web3 technology, but thinks buying digital real estate in the metaverse is not a good idea. “The worst part is that people are Read more
U.S. consumer price inflation cools in July, core prices sticky
The numbers: The U.S. consumer price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Read more
U.S. consumer price inflation cools in July, core prices sticky
The numbers: The U.S. consumer price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Read more
Coming up: U.S. July CPI data due at 8:30 AM Eastern
Economists expect the CPI data to be released later Wednesday to be a “mixed bad,” according to Chris Low, chief economist at FHN Financial. Headline inflation is expected to retreat Read more
Will the stock-market and crypto rally survive the July inflation report?
The July consumer-price index to be released on Wednesday may determine whether the recent rally for stocks and crypto can be sustained, as traders look for any signs of slowing Read more
Coinbase executives see crypto winter continuing, stock falls after earnings show $1.09 billion net loss
Shares of Coinbase Global Inc. fell 5% in after-hours trading Tuesday after the cryptocurrency exchange said volumes and monthly user counts could be lower in the current quarter than what Read more
The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi
We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Read more
U.S. bond yields inch higher as traders await crucial inflation data
U.S. bond yields nudged higher on Tuesday, as traders displayed reticence to buy fixed-income assets ahead of inflation data that may impact Federal Reserve thinking on the path for interest Read more
What is crypto winter? Here are the basics on this period of market cooling.
This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it Read more