inflation

(Bloomberg) -- Bitcoin surged over $21,000 on Saturday amid optimism that it may have bottomed and inflation may have peaked.Most Read from BloombergThe largest cryptocurrency rose as much as 7.5% to $21,299. It hadn’t been above $20,000…

A version of this article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeFriday, January 13, 2023Today's newsletter is by Alexandra Semenova,…

China's December exports fell less than expectedChina's exports and imports tumbled less than expected for the month of December, according to the customs administration.China's exports fell 9.9% in December from a year ago, in…

Carvana jumps 35% amid short squeezeRates on residential mortgages dip, according to Freddie MacThe cost of financing a home purchase slipped further this week.The average interest rate on a 30-year fixed-rate mortgage inched down to…

LATEST NEWSHow high will the interest rates go up in 2023?In the late 1970s, Congress passed a law that clarified the mission of the Federal Reserve to focus on four primary goals: full employment, economic growth, price stability, and a…

Photo: Pavel L Photo and Video (Shutterstock)They say that everything that goes up, must come down—but inflation has made that hard to believe last year. While not all the prices that went up in 2022 are expected to come down this year,…

Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019.Ann Saphir | ReutersFederal Reserve Governor…

Fast economic growth solves problems. Slow growth causes them. China is trying to speed up growth again after Xi’s disastrous COVID-related mistakes while the Federal Reserve is raising interest rates and slamming on the brakes to…

Forget the Great Resignation. The shakeup of Generation Z workers, seeking fulfillment and treating their jobs like a game of musical chairs, will sort itself out over time. They have their whole lives ahead of them to find something…

<!-- -->The findings are more pessimistic than the latest forecast from the International Monetary Fund.The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract,…