Author name: Peter

Federal Reserve increases benchmark rate of 75bps to fight rising inflation

On Wednesday afternoon, the U.S. Federal Reserve increased its federal funds rate by three-quarters percent. This follows the U.S. Federal Reserve's decision to raise the federal funds rate by three-quarters of a percentage point on Wednesday afternoon. The CPI report last week showed that U.S. inflation rose by 8.3% per year. Fed raises Federal Funds […]

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Fed Takes Another Big Step To Curb Inflation With a 75 Basis Point Increase

For the third consecutive week, the Federal Reserve raised interest rates by three quarters of a percent point. This sent Bitcoin below $19,000 On Wednesday, the Federal Open Markets Committee (FOMC), raised U.S. interest rate by 75 basis points. This is the third consecutive hike of this size in an effort to combat stubborn inflation

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Biden Cuts the SPR down to 1984 Levels. Chinese State Media Claims That the US Dollar is Once Again the Problem of the World

U.S. President Joe Biden was criticised for saying that inflation in America had not increased over the past few months. Biden stated that he was telling Americans that inflation will be controlled during Sunday's "60 Minutes" interview. The U.S. Dollar Index (DXY), despite Biden's claims, climbed to the 110.776 area ahead of Wednesday's Federal Reserve

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Gold Backed IRAs

Gold backed IRAs are a great way to invest in gold and other precious metals. This type of account has certain qualifications and requirements. It’s also important to understand the tax implications of gold IRA rollovers and the cost of storing gold in an IRA. Read on to learn more about gold IRAs. Investing in

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Visit Guatemalan Lake Town and Get Bitcoin With Used Cooking Ole

A town in Guatemala, inspired by El Salvador's Bitcoin Beach is focusing on cleaning its lake by diverting cooking oil to bitcoin miners. A circular bitcoin economy in Guatemala is using resources that would otherwise be wasted to fuel a local bitcoin mining operation, giving its resident financial autonomy and demonstrating a viable economic path

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