Lately, inflation has been tough to handle. Last month, prices went up by 2. 9% compared to the same time last year, according to the Labor Department. This shows that the Federal Reserve is still fighting against quick price increases. Last year, the Fed started lowering interest rates to levels no
In a surprising turn, the UK's inflation rate dropped to 2. 5% in December 2024, catching economists off guard. The consumer price index (CPI) had previously been at 2. 6% in November. Core inflation, which doesn't include the ups and downs of food and energy prices, also dipped to 3. 2%, down from
Bitcoin has made a comeback, nearing the $100, 000 mark. This jump happened after recent inflation reports showed a slowdown, and the stock market started to rebound. On Wednesday, the top cryptocurrency was trading at $99, 442, which is a 3. 5% increase from previous days. Two days ago, Bitcoin hi
On Wednesday, all eyes are on the Bureau of Labor Statistics' inflation report. JPMorgan has weighed in on how the stock market might respond. The report, due at 8:30 a. m. ET, is expected to show monthly gains of 0. 3% for both headline and core consumer price index (CPI), with annual inflation rat
You might be surprised to learn that wholesale prices didn't jump as high as expected in December. This is good news for those worried about inflation. The Producer Price Index, which tracks changes in what producers pay, only went up by 0. 2% month-to-month and 3. 3% over the year. However, expert
Treasury Secretary Janet Yellen recently shared her views on the ongoing inflation issue, suggesting that the stimulus packages implemented during the COVID-19 pandemic might have played a small role. However, she emphasized that the primary cause of rising prices was the pandemic itself, which led
December brought a big surprise in the job market, with a whopping 256, 000 new jobs added. This was way more than the expected 155, 000, and it even surpassed November's 212, 000 new jobs. The unemployment rate also dropped slightly to 4. 1%. Even a broader measure, including those who are discoura
You might have heard that mortgage rates were dropping a few weeks ago. Well, that's not the case anymore. The average rate for a 30-year mortgage just hit 6. 93%, the highest it's been since early July. This is a big deal because it's the most common type of home loan in the U. S. Why the sudden j
Bitcoin has dipped below $100, 000, dropping over 5% in just 24 hours. The sudden fall isn't just about Bitcoin; other major cryptocurrencies like Ether, Cardano, Solana, and Dogecoin have also taken hits, some as high as 13%. What's causing this crypto crash? A stronger U. S. dollar is one key fact
As restaurants grapple with rising costs and declining sales, a new warning from the U. S. surgeon general could further strain their profits. The warning highlights the link between alcohol and cancer, coming at a time when many Americans are cutting back on dining out due to inflation. According t
