The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation. | Photo Credit: Andrew Harnik The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped … Read more
Excluding volatile food and energy costs, so-called core prices in the US rose 3.2% in August from 12 months earlier, the same as in July. Wednesday’s report from the Labor Department showed that US consumer prices rose 2.5% in August from a year earlier. It was the fifth straight annual drop and the smallest such … Read more
Bitcoin and Ether prices surged up to 10% on Friday after US jobless claims fell more than expected, alleviating concerns about a weakening labor market. New data revealed that applications for unemployment benefits dropped more than anticipated last week. However, this led markets to reduce the likelihood of an outsized half-point rate cut by the … Read more
