Economy
The Fed Is Upside-Down on Inflation and That's a Big Risk
Economists say it’s hard to understand how the Fed will bring inflation down if the federal funds rate remains negative throughout the year, as shown in officials' own projections.
The Fed Can't Whip Inflation Alone
The source of high U.S. inflation is pretty clear, and it doesn't have much to do with the money supply.
US Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls
The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.
US CPI Preview: Inflation Likely to Climb to New 40-Year High
A hotter-than-expected core CPI figure could bring renewed selling pressure to the bitcoin market.
Bitcoin Drops to $19.7K as Recession Concerns Weigh on Financial Markets, Euro Nears Dollar Parity
Singapore’s state-owned investor Temasek said it sees more broader-market declines in the coming months.
Federal Reserve Board: Recent Market Turmoil Shows ‘Structural Fragilities’ of Crypto
The report is a preview of Fed Chair Jerome Powell's testimony in Congress next week.
Elon Musk Has ‘Super Bad Feeling’ About Economy: Report
According to Reuters, Tesla CEO Elon Musk is looking to cut 10% of the electric automaker’s workforce and is sounding the alarm about the state of the U.S. economy. “The Hash” panel discusses his comments as more crypto firms are slashing jobs.
