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The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in the benchmark federal funds rate. Persistent Inflation Pressures Fed, Leaving … Read more
The recent US Consumer Price Index (CPI) report came in higher than expected, with a 3.1% increase instead of the anticipated 2.9%. This unexpected inflation figure triggered a market sell-off, causing both crypto and equities to bleed. Bitcoin, which had breached the $50K mark, fell back below $49K in response to the disappointing CPI report. … Read more
On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks. Stocks Dip, Crypto Slumps as January CPI Data … Read more
Bitcoin traders eye BTC price levels of interest as U.S. PPI preserves declining inflation narrative ahead of Fed rates decision. Go to Source
Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoin is likely to have an unshakable place in the economy, Sebastián Serrano said. Go to Source
Bitcoin’s latest price pullback to $35,000 was driven by softer U.S. inflation, China’s economic challenges and regulatory uncertainties. Go to Source
CPI positively surprises stocks and Bitcoin catches a bid as inflationary pressures are shown to be declining faster than thought. Go to Source
Bitcoin funding rates are in classic bull market territory, but can BTC price upside sustain as macro volatility triggers line up? Go to Source
New blockchain-based apps like Truflation could be a “healthy development,” given that gauging inflation is more art than science. Go to Source
The Collins dictionary named AI word of the year, describing AI-powered language models as “bursting into the public consciousness” and “much talked about” in 2023. Go to Source