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Federal Reserve Chairman Jerome Powell will testify in the House on Thursday as part of his semiannual report to Congress on the state of the ecnonomy -- which is being hampered by steep inflationary pressures.

Bloomberg's senior commodity strategist Mike McGlone says a new deflationary period may be arriving to the financial landscape, from which Bitcoin (BTC) and gold could benefit.

The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.

Retail sales unexpectedly dropped in May as consumers -- confronted with the hottest inflation since 1981 -- pulled back on spending.

Markets face another half-point rate hike this week and the prospect of sharper increases ahead when the Federal Reserve concludes its two-day policy-setting meeting Wednesday.

Food prices and export bans have been on the rise. Rice, a staple food in much of Asia, could be next, industry watchers say.

A new bill would set a higher threshold for what slot winnings need to be reported to the IRS (which Caesars, MGM, and others should love). Should you bet on it passing?

What's bitcoin's fair value? CEO of $80 billion asset manager Jan van Eck shares his thoughts on the market downturn and more.

PayPal has announced that its users will now be able to transfer their money from PayPal accounts to other wallets and exchanges. This new measure is a response to the growing demand from its customers to open up to the potential of bitcoin. Since Bitcoin

American Express and Abra are launching a new credit card that will allow shoppers to earn cryptocurrency rewards "tradable across over 100 different cryptocurrencies" without annual or foreign transaction fees. American Express and Abra Launching

The card, developed in partnership with crypto wealth manager Abra, will transact in U.S. dollars and offer crypto back on any purchase category and amount. The rollout is expected later this year.

Inflation accelerated in May as U.S. consumers grapple with a surge in prices for gas, food, and shelter, data showed Friday.

Inflation in the U.S. hit a fresh 40-year high in May, with Americans paying significantly more money in a category crucial for their survival — food.

'I think I was wrong then about the path that inflation would take'

The national average for a gallon of gas is at a record $4.59 per gallon, and it could be about to hit $6, according to JPMorgan.

As with various radical academic "theories" going against common sense, Democrats have almost broken the U.S. economy with runaway inflation associated with MMT. The more money put into circulation the higher inflation will rise; it's not rock

Gas prices just continue to rise, shooting up again overnight to another new record national average of $4.567 per gallon.

The nationwide average is more than $4.50 a gallon.

Stocks tanked as investors worried about inflation's impact on consumer spending.

Jim Cramer says the retailers should have preannounced the bad news.