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UK Inflation Holds for September Following as Bank of England Suspends Further Interest Rate Hikes

The UK Chancellor of the Exchequer Jeremy Hunt is optimistic that inflation would ease. UK inflation came in for September at 6.7%, higher than expectations set by analysts. Also, inflation in the UK remained unchanged from August. While inflation remained unaltered, the UK’s headline consumer price index (CPI) met expectations from economists

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Stocks fall, yields rise as inflation data comes in hotter than expected

Stocks fell in the United States on Oct. 12 as newly released inflation data overshot expectations. The Dow Jones Industrial Average fell by 173.73 points (0.51%) to 33,631.14. The S&P 500 declined by 27.34 points (0.62%), ending the day at 4,349.61. The tech-heavy Nasdaq index lost 85.46 points (0.63%), declining

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Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’

Investing legend Paul Tudor Jones has revealed that he’s bearish on stocks and bullish on gold and Bitcoin (BTC). The two main reasons he cites are the potential for an escalation of the conflict between Israel and Hamas, and subpar fiscal conditions in the United States. While an inverted yield

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Bitcoin hits 2-week low on US inflation data — When will BTC price bounce?

Bitcoin (BTC) hit new October lows after the Oct. 11 Wall Street open, as one analyst hailed the “final stage” of the cryptocurrency bear market.BTC/USD 12-hour chart. Source: TradingViewBitcoin traders stress importance of $26,800Data from Cointelegraph Markets Pro and TradingView showed further BTC price weakness emerging, costing bulls $27,000 support.At

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Jefferies calls Bitcoin a safeguard against currency inflation

Global investment bank Jefferies asserts Bitcoin (BTC) as a safeguard against currency devaluation and rising inflation. The price of Bitcoin hovers at around the $27,961 region as of press time.   Jefferies, a prominent global investment bank, advises long-term investors, particularly pension funds, to allocate 10% of their portfolios to Bitcoin,

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