Investors
Determining How Today’s Inflation Impacts Your Retirement Ongoing Needs Tomorrow
With prices rising at a record rate, many retirees or people planning to retire soon may be increasingly worried about what sort of lifestyle they can afford. The good news is that the headline inflation number of 9.1% from the Bureau of Labor Statistics represents an average rise in consumer prices. Your own inflation rate may be different…
Read MoreBoston’s Federal Reserve says it has solved technical challenges of a ‘digital dollar’
It could settle payments in under two seconds and handle 1.7 million transactions a second. The US Federal Reserve is continuing its research into a “digital dollar” and has unveiled a technical specification for how it might work, The Washington Post has reported. Researchers designed a system that can handle more than 1.7 million transactions a…
Read MoreFederal Reserve Chair Jerome Powell Says U.S. Government Looking into Own Digital Currency
Federal Reserve Chair Jerome Powell said Thursday that the government is exploring the possibility of issuing a new type of digital currency amid the rise of cryptocurrencies. Powell said that the Federal Reserve would be publishing a discussion paper sometime during the summer of 2021 that would focus on the possible creation of a central…
Read MoreThe stock market may get cut in half, but this ‘most undervalued’ asset is about to surge, billionaire investor says
Paul Singer, the hedge-fund billionaire behind Elliott Management, warned last month that the ultimate path of global stock markets is a drop of at least 50% from February highs. What’s an investor to do in the face of such a grim outlook? Load up on gold, perhaps. After all, according to a report this week from the Financial…
Read MoreThe stock market may get cut in half, but this ‘most undervalued’ asset is about to surge, billionaire investor says
Paul Singer, the hedge-fund billionaire behind Elliott Management, warned last month that the ultimate path of global stock markets is a drop of at least 50% from February highs. What’s an investor to do in the face of such a grim outlook? Load up on gold, perhaps. After all, according to a report this week from the Financial…
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