July’s consumer price index report finally showed a sign of potential relief – inflation ticked up less than expected from a year ago, and was flat on the month, meaning that a basket of items and services generally stayed the same price.
But some items have fallen, on a monthly and weekly basis, potentially signaling that inflation has passed its peak and may be cooling off.
President Biden’s recent student loan reform was an important step in pushing for a $15 minimum wage, according to an expert. This is how the President’s reform could help pave the way for a better future for low-wage workers across the country. On Wednesday, the Biden administration unveiled a student loan forgiveness policy that scales…
In an unprecedented turn of events, Elon Musk, the CEO of Tesla and SpaceX, he made headlines when he led a striking rebranding effort for Twitter. Over the weekend, the social media giant’s headquarters were abuzz with activity as Musk, accompanied by his team, replaced all the signboards with the enigmatic “X” logo. The charismatic…
Usdcad falls back to 200 simple moving average SMA In the morning video, I mentioned the 200 hour moving average of the USDCAD. We managed to break past that level today, although there was some hesitance at first. But we were able to stay above it for a number of hours. However, our momentum started…
USDCHF has been teetering on the 100 hour MA for the past few trading days, with three unsuccessful attempts in the last week. However, today’s breakout seems more promising as the 100 hour MA has lowered to 0.95415. So far, the high price has only reached 0.9559. If the USDCHF falls below the 100 hour…
NASDAQ index higher 0.75% The new PMI data was not as strong as hoped. Sales of new homes and the Richmond Fed’s economic index were both weaker than expected, while the consumer confidence flash estimate was negative but not as weak as anticipated. Weaker data has had the effect of driving yields lower. The two…
One of the world’s oldest preserved human settlements has been left in ruins after being ravaged by severe flooding in Pakistan. This is the worst natural disaster to ever hit the country, and officials are scrambling to provide aid to the millions of people affected. The ancient city of Mohenjo daro, located in the Indus…