By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) is up around 1.4% in the past 24 hours as investors await key inflation data in the U.S., which could shape expectations for a much-discussed interest-rate cut by the Federal Reserve. Before that hits though, the European Central Bank announces its own interest-rate decision. It's expected to keep rates...

Thursday's economic releases revealed an unusual mix of rising prices and a spike in jobless claims — a toxic cocktail that thrusts the U.S. economy into a stagflationary environment and places the Federal Reserve in one of the toughest positions a central bank can face. In August 2025, the Consumer Price Index (CPI) rose 2.9% from a year earlier, matching...

WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits increased sharply last week, consistent with a material softening in labor market conditions. Initial claims for state unemployment benefits jumped 27,000 to a seasonally adjusted 263,000 for the week ended September 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 235,000 claims for the...

NEW YORK (Reuters) - U.S. consumer prices rose more than expected in August while the annual increase in inflation was the largest in seven months, although the numbers will not prevent an interest rate cut from the Federal Reserve next week in the midst of a weakening labor market. The Consumer Price Index rose 0.4% last month after increasing 0.2%...