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    US Inflation Rate Rises to Four-Decade High of 7% in December

    US Inflation Rate Rises to Four-Decade High of 7% in December

    The U.S. Labor Department’s Consumer Price Index (CPI), the most widely used gauge for tracking inflation, rose to an annual clip of 7.0%, hitting predictions made by economists. This marks the highest increase since June 1982, beating last month’s 6.8%.The core CPI,...
    U.S. Banks Form Group to Offer USDF Stablecoin

    U.S. Banks Form Group to Offer USDF Stablecoin

    A group of U.S. banks plans to offer its own stablecoin, called USDF, in a move to tackle concerns about the reserves behind non-bank issued equivalents.Comprising institutions backed by the Federal Deposit Insurance Corporation (FDIC), one of the industry’s key...
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