Category: Featured
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Inflation Accelerates in the U.S.: Housing Costs Drive Consumer Prices Higher
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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UK Cracks Down on Illegal Crypto ATMs: Strict Regulations Implemented to Combat Money Laundering
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Fearing another market collapse? Here Are Three Errors to Avoid
Over the past year, the stock market has gone through a stomach-churning succession of ups and downs. Recession alarm bells are still sounding despite the market’s recovery so far this year, which has given many investors faith that the worst may be behind. Although nobody can predict when a financial catastrophe would occur, you may […]
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US and UK Inflation Rates Take a Dip: Will the Trend Continue?
January US inflation data Due to positive base effects, the US Consumer Price Index (CPI) inflation is expected to show a seventh straight month of reduction in January. According to estimates, the reduction will be less than in prior months, dropping from 6.5% to 6.3%. However, because of the surge in gas costs, the monthly […]
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Over expectations, inflation increased by 0.5% in January and was 6.4% higher than a year earlier.
In contrast to expectations for 0.3% and 5.5%, the core CPI grew 0.4% monthly and 5.6% from a year ago when volatile food and energy were excluded. A comprehensive selection of everyday products and services are included in the consumer price index, which increased 0.5% in January for a 6.4% annual rise. The Dow Jones […]
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January Inflation Surges Past Expectations, Fed Response in Focus
Beaten Predictions for U.S. Inflation in January Core and Headline Inflation Exceeds Expectations The headline and core inflation readings for January in the United States were higher than anticipated, showing that inflationary pressures are still present in the nation. Although this is the case, the market’s early response looks to be in sharp contrast to […]
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Stocks Tumble as Inflation Worries Spark Fresh Fed Concerns
Investors are alarmed by inflation data. The three major US indexes started the day on a negative trend following the release of the Consumer Price Index (CPI) for January, which revealed a little higher reading than anticipated. Investors are now concerned that the Federal Reserve will continue to take a strict posture on monetary policy […]
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Rising Prices: US Inflation Hits 6.4% in January, Costing Households More
US consumer price index exceeds expectations. According to the most recent Labor Department statistics, the US Consumer Price Index (CPI) increased by 6.4% annually in January. Even though the gain exceeded economists’ expectations, it was flat when compared to the prior month. Prices of Basic Goods Remain High The costs of essential commodities remain high […]
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Lael Brainard: From Federal Reserve Vice Chair to Top Economic Policy Advisor for President Biden
Biden to Appoint Lael Brainard as Top Economic Policy Advisor As the 2024 elections approach, United States President Joe Biden is anticipated to name Federal Reserve Vice Chair Lael Brainard as his primary economic policy advisor. This move comes as the Federal Reserve is facing extensive challenges in its efforts to lower inflation rates. Brainard, […]
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Financial Markets Rally as Investors Anticipate Inflation Data Release
S&P 500, Nasdaq, and the Dow Jones all exhibit positive growth. The week began well for the financial markets as the Dow Jones Industrial Average rose 377 points, or 1.11%, to 34,246. The S&P 500 increased as well, climbing to 4,137 from 4,137 by 47 points, or 1.14%. The Nasdaq Composite, on the other hand, […]