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Tag: Bureau of Economic Analysis

Marijuana Will Gain Millions Of Consumers Over Alcohol, With Sales Hitting $37 Billion By 2027, Investment Bank Projects

A multinational investment bank says that marijuana has become a “formidable competitor” to alcohol, projecting that nearly 20 million more people will regularly consume...

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US Dollar closes the week with mild losses ahead of Fed’s decision

Share: The US Dollar is trading soft against its rivals and seems to be consolidating the last session's gains. The Core...

Will PCE inflation, Federal Reserve preferred indicator, decline further as markets expect?

Share: The Core Personal Consumption Expenditures Price Index is forecast to rise 0.2% MoM and 3.9% YoY in August. The Federal...

Interest rates hold firm despite Fed chair’s hawkish speech

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Natural Gas reverses and climbs on weaker US Dollar after US inflation data miss

Share: Natural Gas price recovers following the release of US inflation data which comes out lower than expected, weighing on the...

Good news about economy could send mortgage rates soaring

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Best Dollar Rate Due to Sterling’s Support on 1.2360

GBP/USD started the week with quiet trading due to holidays in the UK and US, but the technical outlook suggests a potential rebound. The...

Bitcoin Hits $29,000 But Traders Prepare For More Volatility On Friday, Here’s Why

The Bitcoin price saw an eye-catching move today, initially rising 2.8% ($810) in 30 minutes to reach a new yearly high at $29,182, only...

New issue of Music & Copyright with US country report

The latest issue of Music & Copyright is now available for subscribers to download. Here are some of the highlights. Rise in UK music piracy...

Layer 1 Tokens Rally As Markets Flounder

Aptos and Canto Enjoy Stellar Week Crypto markets mostly traded lower on Thursday, with the exception of some smart contract platforms that continue to tack...

Atlanta Fed Q4 GDPNow tracker moves up 3.7% from +2.7%

After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the National Association of Realtors, the nowcasts of fourth-quarter...

Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary’s Decisions

U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on...

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