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instoremag.com

US Inflation Persists in September

U.S. consumer prices were up in September with the consumer price index rising 0.4 percent last month after increasing 0.3 percent in August, according to Reuters. Federal Reserve Chair Jerome Powell, who blames supply chain issues, has called the inflation “transitory.”. Sung Won Sohn, professor of finance and economics at...
BUSINESS
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CoinTelegraph

Billionaire investor Carl Icahn thinks Bitcoin may be the best hedge for inflation

Billionaire investor Carl Icahn warned Tuesday that the next market crisis may be on the horizon, and Bitcoin (BTC) could be the best hedge against inflation. With the United States government continuing to stimulate the economy, Icahn stated that he fears the U.S. dollar is becoming more devalued and that the price of goods is rising.
BUSINESS
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fintechzoom.com

European stocks inch lower ahead of Powell’s speech

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Aug 27 (Reuters) – European stocks inched lower on Friday ahead of U.S. Federal Reserve chair Jerome Powell’s speech that could offer hints on the timeline for slowing of its bond purchases programme.
STOCKS
vnexplorer.net

Saudi hoard of US Treasuries shrinks most since oil-price rout

Saudi Arabia was the biggest seller of US Treasuries outside Asia in August, bringing its stockpile to the lowest level since offloading a third of its holdings after the crash in oil prices last year. The kingdom sold $4bn in US government debt, the most in over a year, draining...
ECONOMY
FXStreet.com

US equities living with higher inflation and higher interest rates

The US equities market is still possessed by Q3 robusting earning but this earning was on peak of inflation yearly rates, threatening the demand and alarming of close by tightening action to curb inflation and boost cost of borrowing by USD. As what has been mentioned recently by the Fed’s...
BUSINESS

Fed Chair Jerome Powell Sold Millions in Stock as Dow Tanked

Federal Reserve chair Jerome Powell sold between $1 million and $5 million worth of stock from his personal account as the COVID-19 pandemic ravaged the U.S., according to The American Prospect. And although top Fed officials—who have privileged knowledge of the economy’s inner workings—are not required to put their assets into a blind trust while serving, two other Fed honchos were forced into early retirement after disclosing their own trades last month. Powell’s big stock sale occurred on October 1, 2020; the Dow would tumble 1,600 points that month, the worst month since the beginning of the pandemic. (The Dow made up its losses in the period to follow.) Powell’s latest financial disclosure statement puts his personal wealth in the range of $20 million to $55 million.
MARKETS
caposts.com

Federal Reserve Chair Powell’s five measuring sticks on inflation aren’t holding up very well

Former Kansas City Fed president on economy, inflation video.foxbusiness.com/v/6277842311001/?playlist_id=3166411554001 @MorningsMaria @FoxBusiness 21:46 02/18/53770 Twitter. After $12T of fiscal and monetary "stimulus" and "investments" 2020-2021 - the Atlanta Fed GDPNow model estimate for real growth (seasonally adjusted annual rate) in Q3 is 0.5% today, down from above 10.5% back in April. #DemandDestruction #Inflation 09:10 08/08/53770 Twitter.
BUSINESS
invisionmag.com

U.S. Inflation Persists in September

U.S. consumer prices were up in September with the consumer price index rising 0.4 percent last month after increasing 0.3 percent in August, according to Reuters. Federal Reserve Chair Jerome Powell, who blames supply chain issues, has called the inflation “transitory.”. Sung Won Sohn, professor of finance and economics at...
BUSINESS
wealthmanagement.com

China Channels Bernanke With Assurances Evergrande Is Contained

(Bloomberg) -- For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down said the turmoil in subprime mortgages would be “contained.”. That phrase is now making a comeback in Beijing as regulators try to reassure markets that the world’s second-largest...
ECONOMY
Insurance Journal

China Provides Assurances that Evergrande Crisis Is Being Contained

For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down said the turmoil in subprime mortgages would be “contained.”. That phrase is now making a comeback in Beijing as regulators try to reassure markets that the world’s second-largest economy can...
ECONOMY
texasinsider.org

20 Republican Attorney Generals to Fight Biden Admin's Effort Requiring Banks to Give IRS American's Financial Info

Would generate $460 billion in taxes over 10 years to help pay for Democrats' struggling $3.5 trillion spending bill. WASHINGTON, D.C. (Texas Insider Report) — The Biden Administration and Congressional Democrat's proposal to require financial institutions to give the IRS detailed information on any American's bank account with a balance of $600 or more in order to help pay for their struggling $3.5 trillion spending bill hit a snag Friday, as Attorneys General in 20 states co-signed a letter to Treasury Sect. Janet Yellen arguing that the proposal "stands in direct opposition to privacy that Americans are entitled to and deserve."
U.S. POLITICS
crypto-daily.news

Review These Promising DeFi Projects Shaping The Future Of Crypto

Following the decline of major cryptocurrencies during September, now referred to as REKTember, prices have bounced back remarkably, setting the foundation for a bullish Uptober. Bitcoin, the largest cryptocurrency by market capitalization, not only recovered all of its September losses on the first day of October itself but has also...
MARKETS
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