Global markets received some welcome news last week when the annual pace of consumer price inflation (CPI) in the United States (US) was lower than expected in October, coming in at only 7.7%, down from 8.2% in September. Moneyweb Economy
Global markets received some welcome news last week when the annual pace of consumer price inflation in the United States was lower than expected in October, coming in at only 7.7%, down from 8.2% in September. Read: US inflation slows more than forecast, gives Fed downshift room Pre-holiday retail discounting, a decline in used car prices, and a welcome easing in rental inflation were key drivers of the overall decline in CPI.
Bitcoin splits from global markets to slide all on its own Because of a lack of sufficient regulation and good governance, FTX lent out roughly $8 billion of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion. In traditional markets, platforms must keep client funds segregated from other company assets, and regulators can punish them for violations.
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