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Federal Reserve Chair Jerome Powell introduced the central bank’s plan to target a 2% average inflation rate. Since then, strategists have expressed concerns about inflation and the potential risks to market stability it could bring. It poses more selling pressure on the U.S. dollar, which already declined substantially in the past four
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Frances Coppola, a CryptoX columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative easing work, and advocates “helicopter money” to help economies out of recession. The Federal Reserve has just announced a change
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Federal Reserve Chair Jerome Powell did not raise many eyebrows Thursday morning when he announced the U.S. central bank would encourage some periods of inflation above its 2% target in certain circumstances to boost the long-term economy. In remarks before a virtual version of the annual Jackson Hole symposium, Powell said
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Dow Hits 6-Month High as Fed’s Inflation Pledge Rattles Dollar CCN.com - News and Op-Eds for The Next Generation The Dow Jones Industrial Average opened at more than six-month highs, as Fed intervention spurs another rally in equities. Dow Hits 6-Month High as Fed’s Inflation Pledge Rattles Dollar CCN.com - News
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"Bitcoin is ... the only known commodity in the universe that has a deterministic and fixed supply," the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000. Source
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Bitcoin is a tool to avoid police extortion in Nigeria, centralized social media is being censored amid Thai protests and Federal Reserve Chairman Jerome Powell said the central bank will readdress its previous 2% inflation target over the next decade. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain
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Bitcoin whipsawed on Thursday after the Federal Reserve’s chairman signaled tolerance for high inflation, as expected. Source
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Bitcoin (BTC) spiked to $11,600 on Aug. 27 as the United States Federal Reserve committed to maintaining an average of 2% inflation.Data from Coin360 and Cryptox Markets showed BTC/USD jumping several hundred dollars on Thursday as Fed Chair Jerome Powell delivered a speech on the state of the economy.Cryptocurrency market
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An economic historian and one of Foreign Policy’s “Top Global Thinkers of the Decade” discusses post-COVID-19 global economics and politics. Our guest today is Adam Tooze. Adam holds the Shelby Cullom Davis Chair of History at Columbia University and serves as director of its European Institute. He is known for his
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The open interest for CME Bitcoin Futures has surged over 100% over the last month as concerns of inflation drive institutional players to the crypto market. Institutions see BTC as a good hedge while the central banks continue to add more money to the ecosystem.Chicago Mercantile Exchange’s (CME) Bitcoin futures see
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