Factory Gate Prices in the US See Steady Increase in October 2024
In October 2024, factory gate prices in the United States rose by 0.2% month-over-month (mom), matching market expectations and continuing the trend from the previous month. This follows an upwardly revised 0.1% increase in September, signaling a steady but gradual...
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U.S. Inflation Rate Rises to 2.6% in October 2024
After seven consecutive months of declining inflation, October 2024 saw the U.S. inflation rate edge up to 2.6%, a slight increase from September’s 2.4% rate. This rate is still in line with market expectations, but it marks a shift in...
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Elon Musk and Vivek Ramaswamy to Lead New “Department of Government Efficiency” (DOGE)
In a groundbreaking move aimed at reducing government waste and streamlining bureaucratic processes, former President Donald Trump has announced the creation of the “Department of Government Efficiency,” or “DOGE.” This newly conceptualized department is designed to tackle inefficiencies in government,...
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Germany ZEW Economic Sentiment Index
Germany’s economic outlook took a hit in November 2024, with the ZEW Indicator of Economic Sentiment falling to 7.4, a sharp decline from 13.1 in October. This drop came in well below the forecast of 13, reflecting growing concerns about...
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Bitcoin’s Bullish Rally: Can CPI and the Fed Trigger a Correction?
Bitcoin (BTC) has captured the spotlight, reaching an unprecedented $82,000, driven by bullish sentiment following Donald Trump’s presidential election win. This surge in Bitcoin’s price was not isolated, as key altcoins like Dogecoin (DOGE) and Cardano (ADA) also saw impressive...
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