Consumer Price Index – DIGIT INFO

CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%

DIGIT — Wed, 14 Aug 2024 13:50:49 +0000

On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal […]

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No Rate Cuts Yet: Fed Maintains Rates at Historic Highs

DIGIT — Wed, 31 Jul 2024 18:25:58 +0000

The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to the […]

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Bitcoin needs ‘3.3% or lower’ CPI print to reach new ATH

DIGIT — Thu, 30 May 2024 06:05:42 +0000

Bitcoin price movements may “appear random,” but critical drivers such as inflation are what’s making it move, according to a crypto analyst.

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US Inflation Data Indicates Slight Cooling in April; Gold, Silver, and Cryptos Climb

DIGIT — Wed, 15 May 2024 15:34:40 +0000

The latest report from the U.S. Labor Department’s Bureau of Labor Statistics reveals that the consumer price index (CPI) for April climbed by 0.3%. Over the last 12 months, the CPI increased by 3.4%, primarily driven by higher costs for shelter and gasoline. Relief Rally in Financial Markets as April CPI Data Shows Subdued Inflation […]

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Binance ‘FUD’ meets CPI — 5 things to know in Bitcoin this week

DIGIT — Mon, 08 May 2023 09:57:04 +0000

A spike in transaction fees and repeated BTC withdrawal outages at Binance provide a fraught backdrop to a week of Bitcoin volatility triggers.

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Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm

DIGIT — Sat, 29 Apr 2023 20:00:27 +0000

This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing a surge to 3.5%. This figure comes as a surprise to analysts who had predicted a more modest 2.9% for the end of the quarter. It’s worth noting that Japan’s inflation has been steadily rising […]

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US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year

DIGIT — Wed, 12 Apr 2023 16:15:06 +0000

On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools […]

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Bitcoin price teases $30K breakdown ahead of US CPI, FOMC minutes

DIGIT — Wed, 12 Apr 2023 12:42:42 +0000

BTC price action becomes less sure of itself as a slew of U.S. macro data promises volatility across Bitcoin and risk assets.

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US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision

DIGIT — Tue, 14 Mar 2023 17:30:40 +0000

The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central […]

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Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease

DIGIT — Sun, 26 Feb 2023 19:30:43 +0000

While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists […]

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