Markets have been nervous since last week’s FOMC meeting minutes revealed the Fed was considering early “balance sheet normalization” or quantitative tightening. At yesterday’s confirmation hearings, Fed Chair Jerome Powell tried to soften the Fed’s stance on QT, saying nothing had been decided. Today, December inflation numbers came in at a 39-year high of 7%. Find out why … [Read more...] about What the Highest Inflation in 4 Decades Means for Markets
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The Highest Inflation Since 1982
This episode is sponsored by NYDIG.Download this episodeNovember inflation came in at 6.8%, the highest in 39 years. In this episode, NLW looks at:The state of the inflation discussion following OctoberWhy the Biden administration tried to reframe expectations leading into Friday’s announcementWhy CEOs are selling their stockWhy bitcoin is going down after high … [Read more...] about The Highest Inflation Since 1982
Inflation Nation: US Sees Highest Price Increase in 31 Years
This episode is sponsored by NYDIG.Download this episodeNew statistics show a 6.2% rise in the consumer price index (CPI) year over year for October. On today’s episode, NLW breaks down the news, discussing:How the 2020 inflation debate set up the current bitcoin bull runThe debate around “transitory” inflation in 2021How the inflation debate is impacting U.S. politicsWhy … [Read more...] about Inflation Nation: US Sees Highest Price Increase in 31 Years
Last week saw highest Cardano (ADA) inflows, while Bitcoin outflows continue
According to the latest report from CoinShares, the rebound seen in digital asset fund inflows spells good news for the industry as it indicates the market might be entering a bullish period.The report, which analyzes weekly flows into digital asset funds, found that digital asset investment products saw a second consecutive week of inflows totaling $24 million.Altcoin inflows … [Read more...] about Last week saw highest Cardano (ADA) inflows, while Bitcoin outflows continue
Ethereum price dragged down below $2K as US inflation hits highest level since 1991
Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network's first-ever burning mechanism.But so far into the month, the second-largest cryptocurrency by market cap has vastly tailed its top rival Bitcoin. The positive correlation was visible on July … [Read more...] about Ethereum price dragged down below $2K as US inflation hits highest level since 1991