Inflation is still on the rise, but not by much. The latest numbers show prices went up by 2. 6% over the past year. That's not great, but it's not terrible either. It's the same as last month, so at least it's not getting worse fast. The core PCE, which looks at prices without food and fuel, went up a bit more than last month. It's now at 2. 9%. That's higher than ...
Lisa Cook, a member of the Federal Reserve's Board of Governors, is in a legal fight to keep her job after President Donald Trump tried to fire her. This is a big deal because the Fed usually makes decisions without political pressure. The Fed controls interest rates, which affect things like inflation and jobs. Trump wants lower interest rates, but Cook and most of ...
Crypto prices shot up after Jerome Powell, the head of the Federal Reserve, hinted at possible interest rate cuts. This news made crypto traders feel hopeful. Bitcoin, Ethereum, and XRP saw big jumps in their values. Bitcoin reached $116, 518. 85. Ethereum hit $4, 629. 78. XRP crossed $3. 00. Other coins like Solana, Dogecoin, and Shiba Inu also saw gains. Traders ...
Investors are pulling money out of Bitcoin ETFs fast. Over $1. 1 billion has left these funds in just five days. This is happening as people get ready for a big speech by the head of the U. S. Federal Reserve, Jerome Powell. The speech is at the Jackson Hole symposium, and it's making everyone nervous. Bitcoin's price has taken a hit too. It's dropped by 10% since i...
The stock market is still in a "just right" phase, where things are not too hot or too cold, according to financial experts. This comes after recent economic reports showed mixed signals about inflation. While some areas of the economy are seeing higher prices, it's not enough to rule out a potential interest rate cut in September. Investors are keeping a close eye ...
Crypto prices took a tumble recently, and it's all thanks to some unexpected news. The Producer Price Index (PPI) shot up by 0. 9% in July, which is a big deal because it's the highest jump in over three years. This news caught everyone off guard, especially since experts were only expecting a 0. 2% rise. Bitcoin, Ethereum, and other cryptocurrencies felt the pinch....
In July, the cost of goods at the wholesale level in the U. S. shot up more than expected. This jump, the biggest in over three years, is partly due to the new taxes on imported goods. These taxes, put in place by the current administration, are making it more expensive for businesses to buy products from other countries. Interestingly, producers are currently absor...
Crypto markets saw a boost on Tuesday after the latest U. S. inflation numbers came in lower than expected. The Consumer Price Index (CPI), which measures the cost of everyday goods and services, rose by 2. 7% over the past year. This was a bit less than economists were predicting, showing that inflation is starting to cool down. Bitcoin and Ethereum, two of the big...
President Trump has decided to cross Scott Bessent off his shortlist for the next Federal Reserve chair. Bessent, who serves as the Treasury Secretary, made it clear he's happy with his current role. Trump shared this news during an interview and even joked about picking TV anchors for the job. Trump mentioned he has four finalists in mind to replace Jerome Powell, ...
The Federal Reserve, a key player in the U. S. economy, is under the spotlight as President Donald Trump plans to visit its headquarters. This visit comes as Trump and his allies question the Fed's recent building renovations, which have seen costs rise significantly. The president has been vocal about his desire for lower interest rates, a stance that has put him at...