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St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible upside risks to inflation next … Read more
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3% one year from now. In addition to the … Read more
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend for $1,760 per unit, up … Read more
The United States government appears keen to tame the rapidly growing stablecoin market, according to reports. Go to Source Powered by WPeMatico
The three bullish indicators converge as Ethereum’s native token Ether climbs over 9% Friday to cross $3,000, its psychological resistance level. Go to Source Powered by WPeMatico
The flagship cryptocurrency has closed October in profits seven out of nine times since 2013, raising hopes that it would be able to log a fractal bull run in the next 31 days. Go to Source Powered by WPeMatico
Cooperation between public and private sectors would be vital for a global CBDC system, says a new joint report. Go to Source Powered by WPeMatico
Rising jobless claims in the U.S. sparked selloffs in the dollar market. On the other hand, Bitcoin held onto its intraday gains. Go to Source Powered by WPeMatico
Powell testified before the House Financial Services Committee on Thursday on matters related to the economy and the Covid-19 pandemic. Go to Source Powered by WPeMatico
Americans are not only worried about future inflation, but they are also dealing with dwindling purchasing power in real-time. Meanwhile, on Thursday, Federal Reserve chairman Jerome Powell plans to address the Senate Banking Committee and discuss inflation. In the remarks pre-published from Powell’s speech, the Fed chair noted that the recent inflation spike may last … Read more
