US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Say...
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists thought May’s CPI data would be the record peak. US Inflation Continues to Print Perpetual New Highs Inflation continues to climb higher in America as the CPI numbers for June show another monthly increase. “Over the last 12 months, the all items index increased 9.1 percent before....
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Trend forecaster Gerald Celente told Bitcoin.com News that “World War III has begun,” weighing in on Covid-19, crypto, the Great Reset, and gold in an exclusive interview. Jordan Belfort, aka the Wolf of Wall Street, talked long-term BTC investing, as scorching inflation in the U.S. continues to plague Americans, though Biden’s White House says the latest numbers are “out-of-date.” All this and more in your bite-sized digest of this week’s hottest stories from Bitcoin.com News.
Trend Forecaster Gerald Celente Says World War 3 Has....
White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession. White House Dismisses Recession Concerns White House Chief of Staff Ron Klain, President Joe Biden’s top aide, shared his economic outlook in an interview with MSNBC Thursday. He said: We are not in a recession … Unemployment claims remain at a historical low … The economy is growing. It is strong.....
On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at unprecedented levels in the U.S. and the average American’s purchasing power is growing less powerful. Now critics like JPMorgan Chase CEO Jamie Dimon and American economist Larry Summers have blasted the Biden administration because they expect inflation to grow “considerably higher.” Americans Watch Purchasing Power Sink While Analysts Suspect Even More Inflation on the....
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Crypto market jitters around inflation expand with Bitcoin and Ethereum dropping to levels not seen since last week. Bitcoin (BTC) carried through threats of new local lows July 12 as the White House warned of “highly elevated” inflation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWhite House warns ahead of "decisive day"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,500 prior to the Wall Street open, down over 4% on the day.Having failed to hold $20,300 support, the pair appeared to react badly to comments on the inflation outlook from....