Day: July 20, 2021

Stocks Retreat As Inflation Exceeds Expectations

U.S. has just released Inflation Rate and Core Inflation Rate reports for June. Inflation Rate grew by 0.9% month-over-month in June compared to analyst consensus which called for growth of just 0.5%. On a year-over-year basis, Inflation Rate increased by 5.4% compared to analyst consensus of 4.9%. Core Inflation also exceeded analyst expectations, increasing by …

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Markets lick wounds from Delta-driven dive, dollar holds up, cryptos shed $100 billion

Markets have been attempting to stabilize after diving on Monday as investors caught up with the rapid spread of the Delta covid variant. The safe-haven dollar is holding onto its gains, Bitcoin has tumbled under $30,000 and gold has recovered from a dip under $1,800. Stock slump: The rapid spread of the Delta covid variant …

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