Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a … [+] Federal Open Market Committee (FOMC) meeting in Washington, D.C., US, on Wednesday, July 27...
Tag: CPI
Bitcoin spikes to $24,000 as CPI inflation remains unchanged at 8.5%
The price of Bitcoin moved higher following the release of Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics (BLS), showing no change in July. In anticipation of the data, Bitcoin...
Bitcoin and Crypto Markets Pop As CPI Data Shows Peak Inflation Reversal
Crypto traders are celebrating a highly-anticipated report from the Fed that details a meaningful reversal in inflation for the first time this year. The consumer price index (CPI) shows a year-over-y...
Crypto market adds over $50 billion in 1 hour as CPI data comes in lower than expected
After the Consumer Price Index (CPI) or inflation figures for July came in more favorable than expected, the cryptocurrency market quickly responded by adding more than $50 billion to its market capit...
U.S. Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps
“The Fed will be cheered by the news, especially the fact that core inflation was also lower than expected,” said Richard Carter, head of fixed interest research at Quilter Cheviot, a UK-b...
Inflation Spiked 8.5% In July—Slowing For The First Time In Months As Gas Prices Fall From Recent Highs
Topline As rapid inflation continues to fuel recession fears, new data showed consumer prices rose 8.5% in the 12 months ending in July—slowing down for the first time in months in a potential sign th...
Bitcoin drops to support as looming CPI print shakes up crypto and stock markets
Crypto and equities markets took a bit of a tumble on Aug. 9 as traders grew a bit skittish ahead of tomorrow’s Consumer Price Index (CPI) report. The details of the print will shine a light on whethe...
CPI Inflation Rate Is Finally Falling; The Good And Bad News For The Dow Jones
The CPI inflation rate is finally past its peak, we’re sure to find out Wednesday morning. Falling gas prices, retail discounting, the return of online deflation and a plunge in shipping costs a...
Statistics Are Mixed But On Balance Say The Economy Is Weak
Ambiguous economic chart. (Photo by Daniel ROLAND / AFP) (Photo by DANIEL ROLAND/AFP via Getty … [+] Images) AFP via Getty Images If you listen to the White House, you hear that the economy is s...
CPI is undercooking inflation – Interview w/ Truflation
There is arguably no bigger issue facing today’s economy than the rampant inflation we are seeing across the globe. US inflation hit a 40-year high of 9.1% according to the most recent CPI reading. Ac...
The Inflation Picture Darkens
Grocery shopping. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty … [+] Images) AFP via Getty Images Early July brought news that tells Americans two things: First, ...
Inflation Dynamics Point To A Slowdown
Various components of the CPI (like used cars) could dampen inflationary rise getty Inflation often gets reduced to a simple number (9.1%), but its dynamics are complex. Moreover, among the components...
What Will The US CPI Data Do To Cryptocurrencies?
On Wednesday at 12:30 GMT, the US Consumer Price Index (CPI) inflation data for June is set to be released. If the previous month’s CPI data release is any indicator, this revelation may cause volatil...
No Imminent Crypto Market Upurge Expected Following Release Of June 2022 US CPI Data ⋆ ZyCrypto
Advertisement     At the last meeting in mid-June 2022, the Federal Open Market Committee (FOMC) announced their biggest interest rate hike in four decades of 75 basi...
How is CPI Affecting Bitcoin?
A bear market crisis has been marked in the bitcoin market this quarter. A major reason for this is CPI (Consumer Price Index). According to speculations, the CPI is directly proportional to the falli...
Over Confident Markets Anticipate Steep Drop In Inflation
(Photo by Samuel Corum/Getty Images) Getty Images Inflation just printed at 9.1%, the highest level since 1981. But don’t worry, sayeth the ever-wise financial markets, it will fall back down ve...
Scare Tactics With No Understanding
“Look at the big number! That can’t be good!” getty Headlining with the CPI all-items 9.1%, reporters connected the worse-than-expected, 40-year high inflation rate to consumer miser...
Bitcoin, Ether, XRP, Cardano Steady Despite Worse Than Expected CPI Data — BTC Finally Inflation Proof? ⋆ ZyCrypto
Advertisement     Bitcoin continued to exude strength on Friday despite worse-than-expected inflation figures earlier in the week. At press time, Bitcoin was trading a...
What’s Next For U.S. Inflation?
An Exxon Mobil gas station in Big Spring, Texas, US, on Tuesday, June 21, 2022. Photographer: … [+] Matthew Busch/Bloomberg © 2022 Bloomberg Finance LP June saw an unwelcome spike in U.S. inflat...
Fake Inflation Report Circulates, Sending Stocks Spiraling
NORTH MIAMI – FEBRUARY 20: Evelyn Bonilla shops for groceries at Lorenzo’s Supermarket as a new … [+] government report showed that consumer prices rose last month Februrary 20, 2008...
Why Does Bitcoin Go Crazy Whenever CPI Numbers Are Published?
If you haven’t noticed by now, Bitcoin’s price is going through some serious short-term volatility on the day that the CPI numbers hit. This is not without a good reason. This is arguably one of the m...
Latest Inflation Surprise Sends Treasury Curve And U.S. Dollar To Record Levels
UNITED STATES – JULY 6: Gas prices are displayed on a sign at a gas station in Williams, Ariz., on … [+] Wednesday, July 6, 2022. (Bill Clark/CQ-Roll Call, Inc via Getty Images) CQ-Roll Ca...
2 key takeaways after the June US CPI report
The main economic event of the trading week is behind us now that the US June inflation report was released yesterday. Inflation keeps rising in the United States and the rest of the world, leading to...
Matic Leads Crypto Market Rally After US CPI Data Release
– Advertisement – The crypto markets show some resilience in the face of record inflation. The crypto markets on Thursday have staged what appears to be a relief rally, with Matic leading ...
The Fed is winning against inflation despite red-hot June CPI number, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that while consumer prices rose sharper in June than Wall Street expected, the Federal Reserve is close to beating inflation. “I think we have a real sh...
Negative CPI Report Causes Bitcoin Market Cap To Lose $15 Billion In 10 Minutes
For the month of June 2022, the US Bureau of Labor Statistics published its Consumer Price Index. The Negative CPI was found to be 9.1%, the largest inflation increase in the US in the previous 40 yea...
Bitcoin tanks on highest CPI data since 1981 as BTC price dips under $19K
Bitcoin (BTC) fell $800 in minutes on July 13 as the latest United States Consumer Price Index (CPI) data came in far ahead of estimates. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Do...
US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’ – Economics Bitcoin News
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflec...
Inflation Rises Again To 40-Year High—But Gas Prices May Help Drive That Down Soon
Topline Inflation is at its highest level since November 1981, according to data released by the Labor Department Wednesday, with consumer prices rising 9.1% from June 2021 to June 2022 and 1.1% from ...
Over $200 Million Liquidated on Bitcoin Turbulence as CPI for June at 9.1%
The number of liquidated traders and the value of liquidations skyrocketed to over $200 million on a daily scale as BTC, and the entire crypto market experienced enhanced volatility following the reco...
Here’s How Crypto Marketing is Reacting To the CPI Reports With 9.1% Inflation Rate
The much-awaited US Consumer Price Index statistics are finally released for the month of June 2022. As per the data, The CPI is reported to be at 9.1%. This marks one of the highest inflation rates i...
Economist: 5 reasons today’s CPI data won’t see an ensuing crypto crash
The US Consumer Price Index (CPI) is expected out today, Wednesday July 13, and the market is highly watching the data release as a likely trigger of either fresh upside moves, or potential drawdowns ...