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Treasury Department

Newsfeed: US Consumer Prices Are Rising At Their Fastest Pace In Over 40 Years

Newsfeed: US Consumer Prices Are Rising At Their Fastest Pace In Over 40 Years

With the Biden administration already setting the narrative yesterday that today’s inflation print could be ‘high’, and expectations for a headline print of +7.9% YoY (from +7.5% YoY in January), the bar was high for any surprises and the headline print came in right in the dot at +7.9% YoY – the highest since Jan 1982.

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Newsfeed: Biden signs cryptocurrency executive order, hoping to advance a digital dollar and other innovations

Newsfeed: Biden signs cryptocurrency executive order, hoping to advance a digital dollar and other innovations

President Joe Biden signed an executive order on Wednesday mobilizing the federal government to create a strategy for digital assets like cryptocurrencies that promotes innovation in the industry while minimizing risks to Americans and the global financial system.

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