The year-on-year inflation rate in the euro zone stood at 9.1% in August, compared to the 8.9% registered in July, which represents the highest increase in prices in the euro region in the entire historical series and more than four times the price stability target of 2% of the European Central Bank…
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inflation
Biden signs Inflation Reduction Act
Joe Biden signed the Inflation Reduction Act on Tuesday, which he described as one of the most important in history. It is a key law that contemplates more funds to combat climate change, increases taxes on companies and expands medical…
Germany announces a plan of reductions and tax aid against inflation
The German Minister of Finance, Christian Lindner, announced this Wednesday a package of fiscal measures of up to 10,000 million euros to offset the impact of high inflation on the purchasing power of citizens, including tax cuts and an…
US inflation was subdued
The year-on-year inflation rate in the United States stood at 8.5 % last July, six tenths below the 9.1 % observed in June and the lowest rise in prices since last April, according to the United States Bureau of Labor Statistics.
The…
European Commission forecasts increase of inflation in Spain to 8.1 %
The European Commission made new forecasts for inflation growth in Spain for this 2022, raising the forecast to 8.1 % compared to the 6.3 % estimated last May and maintaining 4 % for the growth of the Spanish economy at closing of the year.…
Inflation in Argentina grows 5.3%
The Consumer Price Index of Argentina experienced a monthly variation of 5.3 % during the month of June and accumulated, in the first six months of the year, a rate of 36.2% with respect to the same period of the previous year, according to…
US seeks alternatives to tighten monetary policy
The president of the United States Federal Reserve (Fed), Jerome Powell, assured that there are ways for the agency to tighten monetary policy without plunging the country into a recession.
At an event organized in Portugal by the European…
Biden considers temporarily freezing gasoline taxes
Joe Biden, president of the United States, is evaluating the possibility of temporarily freezing the federal tax on gasoline, a measure that could place the price of a gallon at 18.4 cents for drivers.
Biden affirmed that he was analyzing…
Fed will seek to regulate inflation in the US
The president of the United States Federal Reserve Board (Fed), Jerome Powell, stressed that the US central bank is concentrating its efforts on returning the inflation rate to 2 % target and assured that the institution's commitment to…
Bitcoin fell 67% and reached its lowest point in 18 months
The cryptographic market continues its downward trend, as evidenced by the loss of value of Bitcoin (BTC) this Monday, June 13, when it reached a value of 22,800 dollars, registering “a decline of 67 % from its historical maximum of…
Biden will respect the autonomy of the Federal Reserve
Joe Biden, president of the United States, met Jerome Powell, president of the central bank, to discuss issues related to the economy and has promised to respect the autonomy and independence of the Federal Reserve in managing and…
Bitcoin recorded seven consecutive weeks of losses
Bitcoin, the cryptocurrency with the largest market capitalization, has registered losses for seven consecutive weeks, which has become a new historical record for the cryptocurrency in the midst of an increasingly complex market due to the…