Northman Trader – DIGIT INFO

Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth

DIGIT — Thu, 28 Jul 2022 15:00:55 +0000

The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2 GDP Data Points to a Recession One of the principal agencies […]

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US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth

DIGIT — Thu, 10 Feb 2022 18:00:05 +0000

Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index (CPI) jumped 7.5% higher than it was a year ago. US Inflation Continues to Surge On Thursday, the U.S. Labor Department published its CPI report […]

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US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party

DIGIT — Thu, 13 Jan 2022 18:30:13 +0000

One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael Brainard is set to tell congressional leaders […]

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Fed’s Powell Scrutinized for Owning Bonds of the Same Type the Central Bank Bought During Pandemic

DIGIT — Tue, 21 Sep 2021 05:45:37 +0000

As a number of Federal Reserve presidents have been criticized for their 2020 stock moves, Fed chairman Jerome Powell has been cast into the limelight for owning $1.5 million municipal bonds like the ones the U.S. central bank purchased in 2020 during the pandemic. All Eyes Are On Jerome Powell’s Municipal Bond Portfolio Three days […]

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Fed’s Vice Chair Says Tapering May Happen in 2021, Senator Joe Manchin ‘Alarmed Over Record Amount of Stimulus Injections’

DIGIT — Fri, 06 Aug 2021 16:30:05 +0000

The U.S. central bank’s vice chairman Richard Clarida explained on Wednesday that the Federal Reserve could begin tapering large asset purchases this year. Also, that the first interest rate hike since the onset of Covid-19 could happen in 2023. Meanwhile, despite members of the Fed saying inflation will be transitory, corporate bosses from some of […]

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Microstrategy Buys $489M Worth of Bitcoin — Company Now Holds More Than 100,000 BTC

DIGIT — Mon, 21 Jun 2021 15:30:26 +0000

The independent, publicly-traded business intelligence company Microstrategy announced the acquisition of 13,005 bitcoin on Monday, at a purchase price of approximately $489 million in cash. The company’s CEO Michael Saylor revealed the latest purchase on Twitter, and the firm now has more than 100,000 bitcoins on its balance sheet. Microstrategy Now Holds 105,085 Bitcoin Michael […]

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‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus

DIGIT — Tue, 18 Feb 2020 21:10:08 +0000

For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number of wealthy people in the world spiked in 2019. The […]

The post ‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus appeared first on Bitcoin News.

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