Policy
Credit Card Debt Surges to $1.103T as Inflation Hits 40-Year High
US credit card debt shoots up as latest CPI data reveal historic 8.6% inflation rate.
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inflation
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inflation
Market Analysis
BlackRock Plans for Markets to Dip More as 0.75% Rate Hike Seems Evident
BlackRock will not "buy the dip" as the firm expects markets to extend losses in the near future.
Policy
President Biden and Fed Chair Powell Meet as Inflation Remains Top Priority
US President Joe Biden and Fed Chair Jerome Powell meet as the economy continues to face historic inflation.
Market Analysis
Joe Biden Says US Recession is Not Inevitable: S&P500 Gains 1.5% on Open
US President Joe Biden believes an economic recession is not inevitable as the job market and consumer spending remain robust.
Best Stocks
Creators Could Lose Over $1B of At-Risk Capital in 2023 as SPAC Frenzy Dies
SPAC mergers have become increasingly difficult to find, putting its creators at risk of losing significant sums of money without a deal.
Market Analysis
US Interest Rate Could be Hiked to 9.25% if Soft Landing Not Possible: SocGen
The Fed's tight-roping acrobatics will have to impress to avoid US stagflation.
Market Analysis
US Annual Inflation Lowers to 8.3% But Falls Short of Expectations
For the first time since August 2021, the US annualized inflation rate decreased.
Market Analysis
GBP Plunges as Bank of England Hikes Interest Rates By 25 Basis Points
The Bank of England raises interest rates to a 13-year high, with inflation expected to hit 10%, meanwhile, the Pound Sterling is weakening against other currencies.
Forex
Japanese Yen Falling 14% to 20-Year Low Signals a New Era For Forex Trading
The global market may be set for a shift as the Yen maintains a steady decline amidst a bolstering USD.
Crypto
As CPI Continues to Rise, Do Investors see Bitcoin as an Inflation Hedge?
With inflation reaching four-decade highs, is Bitcoin an effective hedge against it?
Crypto
Weekly Trading Volume of Bitcoin and Ethereum Hits 10 Month Low
Macroeconomic uncertainty is creating a negative cascading effect on Bitcoin and Ethereum according to on-chain data.
Market Analysis
US Inflation Peaks at 8.5% as Experts Predict Continued High Rates for 2022
Some economists believe US's inflation rate would not drop below 7% before Q4.
Crypto
BTC Buying Spree Continues: Mining Difficulty Eclipses ATH, Illiquid Supply Tips 63%
Difficulty in mining Bitcoin and its constrained supply have made the digital asset increasingly scarce, as big players purchase and hodl.