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US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year

US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last YearOn Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools […]

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Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease

Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of DecreaseWhile several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists […]

Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

Report: Somalia to Fight Inflation and Counterfeiters With New Banknotes

Report: Somalia to Fight Inflation and Counterfeiters With New BanknotesAccording to the deputy governor of the Somalian central bank, Ali Yasin Wardheere, the institution plans to fight inflation and currency counterfeiters with newly issued shilling banknotes. The bank reportedly said it hopes to complete the process of replacing old and high-value shilling bills with newly designed banknotes in 2024. Preserving the Value of New […]

Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation

Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising InflationThe Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time the benchmark rate has been increased since November 2017. Rising Inflation […]

Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income

Some African Crypto Users See Bitcoin as an Alternative Source of Retirement IncomeBitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source to contribute to for retirement.” According to a local report, […]

Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’