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Iraq Bulletin

Tag : Inflation

Featured News

Americans brace for recession as consumer expectations plunge in April

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Consumer confidence in the United States declined for the fifth consecutive month in April, dropping to its lowest level since May 2020. The Conference Board reported that its Consumer Confidence Index fell by 7.9 points to 86, reflecting mounting concerns...
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Kiyosaki sees Bitcoin as protection against inflation, fiat decline

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Rich Dad Poor Dad author Robert Kiyosaki has once again shared his views on Bitcoin and the global financial landscape, emphasizing his preference for alternative assets amid economic uncertainty. In a series of posts on X, Kiyosaki reiterated his belief that Bitcoin’s recent price decline presents...
Business

U.S. labor market shows signs of strain as jobless claims increase

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The number of Americans filing for unemployment benefits rose to 242,000 for the week ending February 22, marking a three-month high, according to the U.S. Department of Labor. The increase of 22,000 from the previous week surpassed analysts' expectations of...
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Bitcoin gains momentum as investors bet on 2025 Fed rate cuts

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Bitcoin (BTC) has surged past $96,000, edging closer to the psychologically significant $100,000 threshold following dovish comments from Atlanta Federal Reserve Bank President Raphael Bostic. His remarks signaled a potential shift in U.S. monetary policy, prompting renewed optimism among investors...
Business

Global trade concerns push gold beyond $2,950 in record rally

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Gold prices have surged past $2,950 per ounce, setting fresh all-time highs as investors turn to safe-haven assets amid heightened economic and geopolitical risks. The rally is being fueled by concerns over U.S. trade policies, a weak dollar, and increased...
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UK inflation jumps to 3% as transport and food prices surge

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The United Kingdom's inflation rate rose to 3% in January, surpassing analyst expectations of 2.8%, according to data released by the Office for National Statistics (ONS) on Wednesday. The increase marks a sharp rise from the previous month's 2.5% and...
Business

Fed faces tough choices as egg prices soar amid shortages

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Rising egg prices in the U.S. are drawing attention as inflation concerns persist, potentially complicating the Federal Reserve’s monetary policy strategy. A severe egg shortage, largely attributed to an avian flu outbreak, has driven prices up by 15% from December...
Business

UK firms to slash jobs as tax hikes and costs squeeze margins

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UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set to take effect in April. The Chartered Institute of Personnel and Development (CIPD) reported that...
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Bitcoin drops 7.3% since Trump’s inauguration amid weak sentiment

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Bitcoin continued its downward trajectory on Monday, declining 0.8% to $96,197, as the cryptocurrency market remained subdued amid the U.S. Presidents Day holiday. With stock and bond markets closed, significant price movements appeared unlikely, extending Bitcoin’s underwhelming start to 2025....
Business

EU to resist US tariffs as Trump pushes for reciprocal trade policy

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The European Commission has expressed strong opposition to U.S. President Donald Trump’s proposed “reciprocal” trade policy, calling it a step in the wrong direction. The Commission reaffirmed its commitment to an open and predictable global trading system, emphasizing that such...