Inflation rose more than expected in August even as prices moderated from four-decade highs reached earlier this year. The Consumer Price Index (CPI) in August reflected an 8.3% increase over last yea...
Tag: CPI
Major Bitcoin and Ethereum Volatility as US Inflation (CPI) Clocks in at 8.3%
The Consumer Price Index numbers for August are in, and, as always, this caused major volatility within the cryptocurrency markets. At the time of this writing, Ethereum, as well as Bitcoin, are chart...
US CPI Report Shows Inflation Hotter Than Expected, Bitcoin Dips 4%
Tuesday’s report was expected to show a much faster slowdown in prices as energy, gasoline and airfare prices – the main drivers behind high inflation in recent months – started to cool off. But...
CPI Inflation Low, But Offers Little Encouragement For Fed Or Markets
Jerome Powell, chairman of the U.S. Federal Reserve, is unlikely to be comforted by the August CPI … [+] report which showed underlying inflation remains in many areas of the U.S. economy. Photo...
Key levels to watch for Tesla stock (TSLA) ahead of CPI data
With the Consumer Price Index (CPI) reading set to come out on September 13, it seems that all eyes will be on how successful the Federal Reserve’s (Fed) fight against inflation actually is. Even Tesl...
Dow Futures Jumps 0.5% as Wall Street Anticipates CPI Data
The Consumer Price Index (CPI) report for the month of August is billed to be released on Tuesday. The current outlook of the United States Stock market is a bullish one with the futures tied to the D...
Dow Jones Futures Rise Ahead Of Tuesday’s CPI Inflation Rate Data
Dow Jones futures were higher after Monday’s stock market rally ahead of Tuesday’s key inflation reading, the Labor Department’s consumer price index, or CPI. Apple stock made a bull...
CPI Inflation Rate Is Sliding, But This Is What Matters For The Fed And Dow Jones
Wall Street economists expect Tuesday morning’s release of the consumer price index for August to show a 0.1% monthly decline, thanks to falling gas prices. That would bring the CPI inflation ra...
Latest Forecasts Optimistic On Upcoming CPI Inflation Reports
President Biden has drawn attention to lower gasoline prices, which could lead to further mild CPI … [+] reports, but will this be enough for the Fed? (Photo by Jim WATSON / AFP) (Photo by JIM W...
When Is The September CPI Report, And What Should You Expect From It?
WASHINGTON, DC – FEBRUARY 16: U.S. Sen. Todd Young (R-ID) references a chart on rising costs during … [+] a press conference on inflation, at the Russell Senate Office Building on February...
Good news on CPI also from Canada- The Cryptonomist
Canada: CPI showing improvement It was just a few days ago that the US CPI data saw a resounding back door to the figure, which is also the child of the Federal Reserve‘s firm monetary policies to the...
USD/CAD forms H&S ahead of Canada CPI and FOMC minutes
The USD/CAD price rose to the highest level since August 8 ahead of the upcoming FOMC minutes and Canada consumer inflation data. The forex pair rose to 1.2935, which was about 1.65% above the lowest ...
Good news for Bitcoin: New CPI data suggests inflation has peaked
In this weeks episode of Market Talks we welcome senior market analyst at Cubic Analytics, Caleb Franzen. Caleb is a Senior Market Strategist at Cubic Analytics, analysing new data/charts on the econo...
Why SOE ADR Delisting Is A Good Thing, Real Estate Policy Lifts Sector, MSCI’s Quarterly Index Review, Week In Review
China Last Night KraneShares Week in Review Asian equities were largely higher this week as China released better-than-expected trade data, indicating that the global economy could be recovering somew...
Trend forecaster G. Celente slams new CPI data, says ‘game is rigged’
After the new Consumer Price Index (CPI) report for July came out more favorable than expected, the stock and cryptocurrency market immediately went up, but one American trend forecaster believes more...
Dollar Softens as CPI Data Changes Fed Rate-Hike Expectations
Updated Aug. 10, 2022 1:36 pm ET | WSJ Pro 13:24 ET – Weaker-than-expected CPI has changed the market’s view of the Fed’s rate-increase trajectory over the next year or so, Bruce Clark, senior m...
Crypto Market Turns Green as CPI Inflation Data Comes in Below Expectation
The cryptocurrency market is going up following the release of the US July Consumer Price Index (CPI). In contrast to the previous forecast, the US CPI inflation came in at 8.5%. While the figure is d...
Ethereum Price Rises Past $1,900, Nearing 3-Month High Amid CPI Data Release
Ethereum prices rose past $1,900 today, nearing 3-month highs. After yesterday’s release of the CPI (Consumer Price Index) data for July, which revealed no change last month, cryptocurrencies like Bit...
Can Bitcoin Grip Price Surge After Release Of CPI Data?
The global crypto market registered a decline since the beginning of this week after a broad recovery. As the investors hope for an upward trend, experts hints that the market is stuck in a decision s...
Bitcoin braces for US inflation data as CPI nerves halt BTC price gains
Bitcoin (BTC) hit multi-day lows on Aug. 10 as crypto traders braced for impact with fresh United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “co...
Bitcoin Surge Towards $24k As CPI Report Show Inflation Cooling
Bitcoin surged after July’s CPI data showed that inflation has started to decline after several months of record-breaking rates. Similar to earlier instances, the price of bitcoin climbed close to $24...
Bitcoin, Ethereum Skyrockets As CPI Data Shows Cooling Economy
U.S. Bureau of Labor Statistics issued the most awaited Consumer Price Index (CPI) data for the month of July. The positive CPI data has left the biggest crypto green. Bitcoin (BTC) and Ethereum (EHT)...
Inflation Break?
Gasoline prices last spring. (Photo by Win McNamee/Getty Images) Getty Images July brought a measure of relief on the inflation front. Because of a 4.6% drop in energy prices, the overall consumer pri...
The CPI in the USA drops to 8.5%
Today the financial world was anxiously awaiting the CPI figure as it was strongly indicative of the direction the US economy was taking, and for the sake of Elon Musk’s detractors, this time his rece...
Bitcoin & Ethereum Soar High With CPI Dropped to 8.5%, How Long Will This Rally Sustain?
Bitcoin appears to have undergone a short-term bounce with the announcement of the US CPI rates being lowered to 8.5% YoY. The upswing mirrors the bounce carried out during the revelation of the fresh...
Stocks surge as investors cheer on slightly cooler CPI data
Stocks rallied Wednesday as Wall Street breathed a sigh of relief over a lower-than-expected CPI reading for July that showed inflation eased to an annual 8.5% last month. The benchmark S&P 500 ju...
BTC Soars Towards $24K on CPI Numbers, Will the Resistance Fall? (Bitcoin Price Analysis)
The past couple of days have been very exciting for the entire cryptocurrency industry and Bitcoin is no exception. BTC soared towards $24K today on news of slowing down inflation in the US. The quest...
No High Inflation Warning From the US Ahead of CPI Print While Crypto Markets Become Volatile
Mixed Signal Expected Ahead of CPI Bitcoin price braces for the US inflation data as the surging heat around the CPI rates have halted the rally but increased the volatility. The markets surged nomina...
US CPI eases substantially to 8.5% but the Fed yet to “hit the brakes”
US consumers received a welcome break from the meteoric rise in prices with the July CPI ‘easing’ more than anticipated to 8.5% Y-o-Y. The figure moderated from 9.1% in June owing to a fal...
July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’ – Economics Bitcoin News
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in ...
TA- Bitcoin Bounced off Key Support After CPI Announcement
The price of Bitcoin (BTC) bounced off its key support against Dollars (USD) after the Consumer Price Index (CPI) announcement in the United States. The metric is used to measure inflation in U.S. dol...
How Crypto Market Might React To The CPI Report Today?
The U.S. Bureau of Labor Statistics will release July Consumer Price Index (CPI) data for August 10 at 12:30 GMT. The CPI is an indicator of a nation’s inflation levels. The CPI is a measure of the m...