Why is Bitcoin rising after the US Treasury doubled bond buybacks? What it means for BTC, crypto and inflation
Bitcoin jumped sharply after the US Treasury announced a major increase in its bond buyback operations. BTC rose about 6% after the announcement, while the broader crypto market also moved higher. The move came as investors saw the Treasury action as a…
Fed keeps rates on hold, but three dissent, Warsh praises ‘good family fight’
WASHINGTON — The Federal Reserve kept its key interest rate unchanged on Wednesday despite persistently high inflation and soaring energy prices due to the Iran war. Fed keeps rates on hold, but three dissent, Warsh praises ‘good family…
How the Strait of Hormuz will affect Social Security checks as rising oil prices could boost cola in 2027
Even after a ceasefire was announced in June, fighting in the Middle East has resumed, with new attacks and U.S. President Donald Trump reimposing a naval blockade. The new tensions have raised concerns that oil supplies through the Strait of Hormuz, one…
Core personal consumption expenditures inflation reached 3.4%, the highest since 2023; raising concerns about the Federal Reserve cutting interest rates
A report from the Commerce Department showed that the Fed’s favorite inflation report showed that price pressures in the economy remained strong, making it harder for the central bank to cut interest rates quickly. Core PCE inflation, which strips…
With inflation likely to climb to 4.2% in May, Americans face higher daily costs and consumer budgets across the country are strained
Americans are likely to see higher prices for everyday necessities, including milk, bread, meat, gasoline, rent and housing, utilities, health care and insurance. Inflation has been rising for months since tensions over the Iran war disrupted supply…
Fed says Iran war boosts inflation ‘moderate to strong’
The Federal Reserve said on Wednesday that U.S. prices have grown at a “moderate to strong pace” in recent weeks, largely due to soaring energy costs caused by the war with Iran. Fed says Iran war boosts inflation ‘moderate to…
Evening News Report: Rahul attacks Center over LPG price hike; Noida International Airport to start operating more flights from June 15 to June 15
Rahul Gandhi Criticizes Centre, warns of sharp rise in commercial LPG prices by Rs 993 in single day inflation The wider impact on small businesses, households and potential fuel price increases. noida international airport Jewar-based IndiGo will start…
‘I have said so’: Rahul Gandhi claims LPG prices increased by 81% in 3 months; launches swipe at Center over inflation
New Delhi: Leader of Opposition in Lok Sabha Rahul Gandhi The Center on Friday launched a blistering attack on rising inflation, marking a sharp rise in commercial LPG cylinder prices, including a single-day jump of Rs 993.this congressional leaders said…
Trump’s pick for Fed chief to swear rate independence at key hearing
U.S. President Donald Trump’s pick to lead the Federal Reserve, Kevin Warsh, will stress his commitment to the central bank’s interest rate independence during a key confirmation hearing on Tuesday, according to prepared remarks seen by AFP.…
‘Modi ji, ab jhola uthaiye aur chale jaiye’: Sanjay Raut’s inflation advice to PM
New Delhi: Shiv Sena (UBT) MP Sanjay Raut India’s rupee depreciation government was criticized on Sunday, questioning the Prime Minister’s ability to lead the country.Addressing a press conference in New Delhi, Rathe recalled Prime Minister…