Tag: Labor Department
Bitcoin mining stocks surge with broader market as traders see less aggressive Fed
Markets: Bitcoin back above US$17,000; Ether, crypto market extend weekend gains
Bitcoin (BTC) Price Under Bearish Pressure, Could Dip To $10k Soon! Here’s Why
This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads
Data Shows US Consumer Prices Hit a 40-Year High, Biden Blames Inflation on ‘Putin’s Aggressive Actions’
SkyWater Launches Apprenticeship Program to Support Employee Career Growth and Domestic Semiconductor Workforce Development
Program developed in partnership with National Institute of Innovation and Technology and Hennepin Technical College BLOOMINGTON, Minn.–(BUSINESS WIRE)–SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the launch of an apprenticeship program at its Bloomington, Minnesota facility, designed with a combination of on-the-job training and formal education, and based on industry and academic-approved […]
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US Senator’s Inflation Report Says ‘Its Only Going to Get Worse,’ Truflation Oracle Reveals True Inflation Rate
Euro Inflation Hits Record Highs
According to preliminary Eurostat estimates cited by Trading Economics, annual inflation in the eurozone surged for the sixth straight month in December to a record high of 5 percent. Inflation last dipped in June, when it dropped to 1.9 percent from 2 percent in May. “We view these figures with some concern, as they are higher than we initially expected,” Isabel Schnabel, member of the Executive Board of the ECB, commented in a recent interview with Süddeutsche Zeitung. The official also acknowledged that many individuals in Europe are concerned about the decline in real salaries and interest income. Nonetheless, Schnabel made it plain that the European Central Bank is not yet ready to hike interest rates in the eurozone, citing estimates that the global pandemic’s price spike will be followed by a ‘marked decrease.’ The banker also indicated that the ECB should avoid suffocating the recovery, saying: “In our predictions, medium-term inflation will even fall below our objective of 2 percent, even if we accept that the projections are currently subject to great uncertainty.” European Central Bank to Act if Inflation Settles Above 2% The ECB executive body’s spokesman also stated that the euro zone’s central bank ‘would act promptly and aggressively if we determine that inflation may stabilize over 2 percent.’ She stated that ending net asset purchases is a prerequisite for raising rates. The decision by the ECB’s Governing Council in December to progressively cut them over the next quarters, according to Schnabel, is the first move in that direction. The Pandemic Emergency Purchase Program is expected to be phased out by the end of March 2022. The official denied claims that the ECB’s silence reflected its fears that the euro debt crisis could resurface if interest rates are raised, particularly in countries like Italy. “Our actions are guided solely by our price stability mandate. Public borrowing by individual countries has no bearing on the Governing Council’s decisions,” she insisted. The findings from Eurostat and Schnabel’s statements come as other major nations experience rising prices as a result of steps taken to deal with the economic consequences of the COVID-19 outbreak. The consumer price index jumped to 7 percent last month, according to data released by the US Labor Department on Wednesday. This is the most significant annual growth in the last four decades.
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Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates
Turks traded $1.8 billion in cryptocurrency in the wake of Lira crash in Q4 2021
Turkish citizens are putting their money into bitcoin and tether to protect themselves from the country’s soaring inflation rate. The fourth quarter of 2021 saw cryptocurrency trade volumes utilizing the Turkish lira reach an average of $1.8 billion, a significant rise over previous quarters. Turkey’s inflation rate increased by 36% in December 2021, reaching a […]
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US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party
Joe Rogan talks Bitcoin and Silicon Valley’s dystopian version of the metaverse
Joe Rogan and internet entrepreneur Adam Curry discuss crypto during episode #1760 of the Joe Rogan Experience, aired on January 8, 2022.
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