Whats up and welcome to our financial and finance stay weblog for Wednesday 20 July. 

Bitcoin has improved its market place in current weeks, rising greater than eight p.c over the past month and now  hovering above $21,000. Nonetheless, throughout the inventory market, asset worth is down, contributing to the assumption by buyers that the US financial system is headed in the direction of a recession. 

Final week we additionally discovered that inflation in June elevated 1.three p.c, resulting in a 9.1 p.c yr over yr improve. Most of the items that fueled these historic will increase are power assets which are likely to affect the costs of different items and companies throughout the market. 

As we transfer nearer to the autumn, Social Safety recipients get a bit anxious in regards to the 2023 COLA which many imagine might attain as excessive as 9 p.c. The COLA is decided by wanting on the Shopper Worth Index for July, August, and September.