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  • Aug 09, 2024

Brazil Inflation Speeds Up Again, Piling Pressure on Central Bank

(Bloomberg) -- Brazil’s annual inflation accelerated to the upper limit of the target range, dealing another blow to the central bank as it works to contain price pressures spreading throughout Latin America’s biggest economy.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for Migran

  • Aug 09, 2024

Fed's Collins Sees Rate Cuts ‘Soon’ If Inflation Keeps Falling

(Bloomberg) -- The US Federal Reserve could soon begin easing interest rates if inflation continues on its downward path amid a strong labor market, Boston Fed President Susan Collins said in an interview with the Providence Journal.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for

  • Aug 09, 2024

Peter Schiff Says Trump Family's 'Vague' Crypto Announcement Led To Bitcoin Rally, Gets Slammed By Critics: 'Make Serious Arguments'

Renowned economist Peter Schiff linked Bitcoin’s (CRYPTO: BTC) recovery rally to former President Donald Trump’s sons making a “vague” cryptocurrency announcement. He suggested his followers sell the apex cryptocurrency on this upward move. What Happened: On Thursday, Schiff took to X to comment on the recent market trends. He noted a significant recovery in assets that suffered during Monday’s sell-offs, with Bitcoin making an even larger leap. Don't Miss: If you invested $100 in DOGE when Elon

  • Aug 09, 2024

Bitcoin Bounces Back Above $60,000 as Stocks Extend Recovery

(Bloomberg) -- Bitcoin continued to rally in tandem with a rebound in global equities on Friday after a bruising selloff. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsWhen Climate Funds Pay for Highway ExpansionThe original cryptocurrency rose as much as 5.3% to briefl

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