Bolivia inflation nears decade-high in August
Bolivian inflation hit its highest level in nearly ten years, data from the South American country's national statistics office INE showed on Friday, hitting a 12-month rate of 5.19%, with a monthly increase of 1.58%. Annualized inflation last exceeded current levels in February 2015 while the monthly price rise last surpassed this level over 13 years ago in February 2011, according to central bank data. INE director Humberto Arandia told a press conference that prices had gone up in staples such as rice, as well as chicken, tomatoes and other items.
Why Altcoins Got Socked This Week
Hopes for a more favorable interest rate environment faded over the past few days.
'The time has come': Why the August jobs report keeps the Fed on track for a 25 basis point rate cut
A rebound in the job market in August that still showed signs of cooling is likely to keep the Federal Reserve on track to cut interest rates by a quarter percentage point this month.
Kalshi Cleared to Offer Congressional Prediction Markets in Victory Against CFTC
With two months to go before the election, the U.S.-regulated platform may now get a sliver of the 2024 political betting bonanza that's been dominated by crypto-based rival P...
Economic worries back on Wall Street's radar after jobs data
NEW YORK (Reuters) -Uncertainty over the U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Federal Reserve policy, a tight U.S. election and worries over stretched valuations. U.S. stocks tumbled on Friday after closely watched jobs data showed labor market momentum slowing more than expected, suggesting a narrower path for the U.S. to achieve a soft landing, in which the Fed is able to cool inflation without badly damaging economic growth. The Fed is expected to cut interest rates at its Sept. 17-18 meeting, but the data revived fears that months of elevated borrowing costs have already started to pressure the economy.
Traders Are Split on Scale of Cuts Before Fed Kicks Off Easing
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Wall Street Traders Suddenly Converge on Economic Hazards Ahead
(Bloomberg) -- For those on Wall Street clinging to the bull case on the economy, life is getting harder.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItHow Americans Voted Their Way Into a Housing CrisisThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the Trevi FountainTroubling data – long foretold in the bond and commodity markets – woke traders ac
Nvidia’s $406 Billion Drop This Week Makes Bitcoin Look Calm
(Bloomberg) -- Nvidia Corp. wiped out about $406 billion in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItHow Americans Voted Their Way Into a Housing CrisisThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Chargin