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Cryptocurrency Prices on June 18: Bitcoin retests $37k as Fed taper concerns linger; Ether, Dogecoin slip 3%

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The cryptocurrency market on Friday was broadly trading in the red, reeling from the Federal Reserve’s hawkish surprise to the investors. On Wednesday, Fed said it could raise interest rates by late 2023, earlier than what everyone expected. However, some remain optimist that Bitcoin may remain resilient, even as its…

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US May inflation sees biggest 12-month inflation spike since 2008: Decoding the key highlights

Posted on Posted in Business by 35 views

The US economy’s rebound from the pandemic has pushed its May inflation reading to a 12-year high.  The American consumers absorbed another surge in prices in May — a 0.6 percent increase over April and 5 percent over the past year, the biggest 12-month inflation spike since 2008. Reason: Central bankers slated…

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