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Economy
Janet Yellen Sees No Recession, Calls US Economy ‘Exceptionally Strong’
The Treasury Secretary stressed job growth during a press conference after the release of 2Q GDP data.
GDP Falls Further in Q2, Fueling Talk of a Recession
A widely used technical definition says that two consecutive quarters of negative GDP means the economy is in a recession.
Bitcoin Market Awaits US GDP After Biggest Single-Day Gain in 6 Weeks
With the Federal Reserve ditching forward guidance, data releases on GDP and inflation could inject more volatility into markets than ever.
Federal Reserve Hikes US Interest Rate by 0.75 Percentage Point
The latest monetary policy decision from Federal Open Market Committee brings the federal funds rate to a range of 2.25%-2.5%. Bitcoin's price was little changed after the announcement.
What DAO Governance Has in Common With the ‘Eggheads’ Who Call a Recession
A whale on Ethereum staking protocol Lido rejected a plan to sell tokens to a VC firm, as an economic downturn looms.
The Fed Is Upside-Down on Inflation and That's a Big Risk
Economists say it’s hard to understand how the Fed will bring inflation down if the federal funds rate remains negative throughout the year, as shown in officials' own projections.
The Fed Can't Whip Inflation Alone
The source of high U.S. inflation is pretty clear, and it doesn't have much to do with the money supply.
US Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls
The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.
