INFLATION

In recent years, cryptocurrencies have attracted speculators due to their dramatic price movements. However, can it be possible for crypto to be a practical investment option in the long term?

The fundamentals of the U.S economy are showing signs of health in spite of inflation and COVID-19 concerns which promises space for continued economic growth going into 2022.

Investment bank Goldman Sachs warns that Sen. Joe Manchin’s opposition to President Biden's Build Back Better agenda will hurt U.S economic growth in 2022 and the path forward to passing the bill now appears closed. 

IMF Chief Economist Gita Gopinath said a complete ban on cryptocurrencies is not possible because of their decentralized nature but stressed the need to regulation them.

The Federal Reserve plans to pick up the pace of its asset tapering program and hike interest rates in 2022, a sign that rising inflation has forced the central bank to do more faster.

Homebuilders have held onto to their confident outlook on the housing market in the most recent report by the National Association of Homebuilders. However, cost concerns and inflations still weigh down expectations..

The latest report on U.S retail sales was a disappointment after coming up short of expectations that the holiday shopping season may boost sales. 

Prices for wholesale goods leaped by 9.6% in the last year, according to the Department of Labor’s latest Producer Price Index. This was the fastest rise in PPI prices since the Labor Department began collecting data in 2010.

The small business community grew more negative in its future outlook in November as inflation and high labor costs ate into their margins. Most blame rising labor costs and inflation, but national factors add to their uncertainty.

President Joe Biden made his first appearance on a late-night television show since taking office.

Inflation in the U.S. set another somber record on Friday as consumer prices shot up to levels unseen since 1982, led by the growth in energy prices.

Google announced they won't be raising pay to match inflation citing company benefits and that they will raise wages based on performance.

The U.S Federal Reserve has signaled that it is likely to hasten the pace of its tapering off of its asset purchasing over inflation concerns. Now speculation is rising that an interest rate hike may be here sooner than expected.

Dollar Tree will raise its prices by 25% amid inflation and supply chain issues.

New York Times best-selling author Robert Kiyosaki has said that he will be investing more in cryptos like Bitcoin and Ethereum, among other assets, as inflation keeps rising.

Business leaders expressed optimism at a meeting with the president that they were well stocked ahead of the holiday season and that they welcomed his help in easing ongoing supply chain bottlenecks.

Inflation continues to plague the U.S. economy amid rising concerns.

A survey found consumer sentiment at its lowest point since the aftermath of the Great Recession. 

General Mills has announced they will begin raising their prices beginning in mid-January.

Americans may be concerned about rising prices, but that has not stopped them from continuing to do their holiday shopping.

Inflation in the United States has defied expectations by hitting a three-decade high as prices for most basic goods registered hikes. In the most recent Consumer Price Index (CPI), prices were up by 6.2% in the last year, the highest increase since November 1990.