Dogwifhat and politically-inspired tokens of President Biden and Trump also see price spikes Jacquelyn Melinek 7 hours The token behind Solana, a layer-1 blockchain that’s competitive with the Ethereum blockchain, has been through the wringer after it plummeted from a high of about $260 to a low around $8 in early 2023. But like every … Read more
Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates. The personal consumption expenditures price index excluding food and energy costs increased 0.4% for the month and 2.8% from a year ago, as expected according to the Dow Jones consensus estimate. Headline … Read more
WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates and expressed both optimism and caution on inflation, according to minutes from the session released Wednesday. The discussion came as policymakers not only decided to leave their key overnight borrowing rate unchanged but also altered … Read more
Jeremy Hunt, UK chancellor of the exchequer, holding the despatch box as he stands with treasury colleagues outside 11 Downing Street in London, UK.. Bloomberg | Bloomberg | Getty Images LONDON — The U.K. logged a record £16.7 billion ($21.1 billion) net budget surplus in January, according to official figures released on Wednesday. The Office … Read more
BUENOS AIRES, Argentina — Poverty levels in Argentina skyrocketed to 57.4% in January, the highest rate in 20 years, according to a study by the Catholic University of Argentina released over the weekend. The study quickly unleashed a series of accusations between Argentina’s former Vice President Cristina Fernández de Kirchner and the government of President … Read more
Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a U.S. Department of Labor report Friday. The producer price index, a measure of prices received by producers of domestic goods and services, rose 0.3% for the month, the biggest move since August. Economists surveyed by Dow Jones had been … Read more
LONDON — Inflation in the U.K. held steady at 4% in January as lower food prices helped offset an increase in energy costs, official figures showed Wednesday. The reading was better than expected as most economists expected inflation to rise modestly to around 4.2%. The Office for National Statistics said the monthly drop in food … Read more
US consumer prices rose more than expected in January, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.3% over last month and 3.1% over the prior year in January, slightly higher than December’s 0.2% month-over-month increase but a deceleration from December’s 3.4% annual … Read more
People shop for Spring Festival ornaments at a market in Zixing city, Central China’s Hunan province, Feb 4, 2024. CFOTO | Future Publishing | Getty Images China’s producer prices declined for a 16th month in January, while consumer prices slipped for a fourth month. The data underscore the depth of the challenge that Beijing faces … Read more
Several bills, each with a value of 100 Chinese renminbi, lie on a table. Johannes Neudecker | Picture Alliance | Getty Images China’s factory activity expanded for a third-straight month in January, a private-sector survey showed on Thursday, helped by the first expansion in new export orders in seven months. Thursday’s print though, extended a … Read more