11 hours ago | 2 mins read Bitcoin News Inflation as measured by the Consumer Price Index was 7.10% in November. The current Bitcoin price is $18082.71, up 5 percent in the previous 24 hours. The Cons...
Tag: CPI
Enhanced Bitcoin Volatility as US CPI Numbers Clock in at 6.5%
The US Labor Department just announced the inflation numbers (CPI) for the last month of 2022, and they stand at 6.5% YoY. At the same time, most experts also nailed the core CPI increase at 5.7%. Cry...
Bullish Or Bearish For Bitcoin? CPI Comes In At 6.5%
For the Bitcoin price, the course for the rest of January may have been set today. The question was: Will Bitcoin continue its mini-bull run or will there be a correction? This was decided by today...
Mad Money’s Jim Cramer Explains The December CPI
Jim Cramer is an American television personality and the host of Mad Money on CNBC. He analyzed the significance of the December Consumer Price Index (CPI) report for investors this Wednesday. A...
Jim Cramer’s Investing Club meeting Thursday: December CPI, Disney
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. December CPI lifts stocks...
Bitcoin above $18,000 as US inflation slows in December
Inflation in the U.S. increased by 6.5% year-on-year in December and decreased by 0.1% month-on-month. Cryptocurrencies and traditional stock markets were buoyed as CPI data met estimates. Bitc...
CPI Under 2% In China As Clean Tech & EV Outperform
China Last Night KraneShares Key News Asia equities were largely higher except for Singapore and India’s small pullback in advance of the US’ highly anticipated CPI release. Overnight China’s December...
Euro Bulls See US CPI Data as Catalyst for Push Toward $1.10
(Bloomberg) — The euro’s rally against the dollar has stalled over the past month at resistance around its May high. Bulls are hoping Thursday’s US inflation data will provide enough ammunition ...
Bitcoin remains under pressure ahead of CPI data; Michael Burry makes stagflation call
Analysts forecast a year-over-year increase of 6.5% in the U.S. Consumer Price Index (CPI) for December 2022 — with the Bureau of Labor Statistics’ official data releasing Jan. 12 — but 2023 could bri...
The Calm Before the CPI Storm, Fed, Semiconductors and More
US futures pointed to a positive start to the trading day ahead, but it is likely to be one of those calm before the storm trading days ahead of the December Consumer Price Index (CPI) tomorrow, a ras...
Dow Jones Futures: Stock Market Rallies Into CPI Inflation Report; Amazon Leads Megacaps
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. X The stock market rally on Wednesday extended recent gains ahead of Thursday’s CPI inflatio...
Jim Cramer explains why the December CPI number is a ‘big deal’
CNBC’s Jim Cramer on Wednesday broke down the significance of the December consumer price index report for investors. “What makes tomorrow’s consumer price index number a big deal? S...
Traders Lose Trust in CPI Data Security in Wake of Volume Shock
(Bloomberg) — Traders from New York to Chicago to London will be glued to their screens Thursday morning waiting for the latest consumer price index reading from the Labor Department, which is d...
Why Thursday’s U.S. CPI report might kill stock market’s hope of inflation melting away
A mild stock market rally to kick off the new year will be put to the test Thursday when investors face a highly-awaited U.S. inflation reading which could well help determine the size of the Federal ...
Customers Favor Buy Online Pick Up In Store As U.S. Holiday Sales Climb 5% Over Last Year
Global consumers used buy-on-line-pick-up-in-store (BOPIS ) over the holidays for online orders. getty U.S. online sales climbed from $257 million for the 2021 holiday season to $270 million for 2022,...
Customers Favor BOPIS As U.S. Holiday Sales Climb 5% Over Last Year
Global consumers used buy-on-line-pick-up-in-store (BOPIS ) over the holidays for online orders. getty U.S. online sales climbed from $257 million for the 2021 holiday season to $270 million for 2022,...
Market Rally Reclaims Key Levels Ahead Of CPI Inflation Report; Medpace, First Solar Flash Buy Signals
Dow Jones futures were little changed early Wednesday, along with S&P 500 futures and Nasdaq futures. X The stock market rally was indecisive for much of Tuesday, but the major indexes gained stea...
5 cryptocurrencies that could benefit from a positive CPI report
Bitcoin (BTC) has finally pushed above the $17,000 mark after rallying to $17,375 on Jan. 12, with both the bulls and the bears eyeing the Consumer Price Index (CPI) readout due on Jan. 12. If the pr...
CPI Numbers Coming on Thursday, What to Expect?
The consumer price index excluding food and energy (core CPI) numbers will be released by the United States government on Thursday, January 12. Although the most recent months saw a decline in the inf...
Top 5 Crypto To Watch As CPI Data Is Released This Week
The crypto market has been very bullish in the past week as the turn of the year sparked positive investor sentiment for the industry, especially to our top 5 crypto to watch this week. Since January ...
BTC price 3-week highs greet US CPI — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week on a promising footing with BTC price action near one-month highs — can it last? In a new year’s boost to bulls, BTC/USD is currently surfing levels not seen since mid-...
What To Expect From Bitcoin and Altcoins This Week While All Eyes on CPI Data
On Sunday, Bitcoin soared but was unable to surpass the $17,000 mark; as a result, it is currently trading in a constrained range between $16,900 and $17,000. However, the small uptick resulted in Bit...
Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023
Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class...
US CPI Will Help Determine Size of Next Fed Rate Hike: Eco Week
(Bloomberg) — US inflation data in the coming week are expected to stay consistent with a gradual step-down in cost pressures, and will help determine the size of the Federal Reserve’s next inte...
Bitcoin price nears 3-week high as trader says sub-7% CPI may see $19K
Bitcoin (BTC) traded nearer $17,000 on Jan. 7 after the end of the year’s first trading week delivered a spike higher. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView All eyes on CPI Data f...
Europe, US Futures Rise Ahead of CPI and Jobs Data: Markets Wrap
(Bloomberg) — European and US equity futures rose alongside broad gains across Asia ahead of American jobs and eurozone inflation data that will help chart the path forward for central bank mone...
The Monkees Were A Big Hit In 1966-67. So Was Inflation
LOS ANGELES – AUGUST 1967: Davy Jones, Mickey Dolenz, Peter Tork and Mike Nesmith on the set of the … [+] television show The Monkees in August 1967 in Los Angeles, California. (Photo by M...
“I’m A Believer” – The Monkees Weren’t The Only Big Hit Of 1966-67
LOS ANGELES – AUGUST 1967: Davy Jones, Mickey Dolenz, Peter Tork and Mike Nesmith on the set of the … [+] television show The Monkees in August 1967 in Los Angeles, California. (Photo by M...
When’s The January CPI Report And What To Expect From It
WASHINGTON, DC – JANUARY 29: Federal Reserve Board Chairman Jerome Powell will be watching coming … [+] inflation data closely. (Photo by Samuel Corum/Getty Images) Getty Images The Consum...
Here Are the Dates for the 2023 CPI Releases and FOMC Meetings
The Consumer Price Index (CPI) releases showing the current inflation rate in the USA and the Federal Open Market Committee (FOMC) meetings which determine the rate hikes in the country, have resulted...
How Inflation Data Hinges On A Statistical Quirk For Housing Costs
SAN FRANCISCO – JUNE 06: Calculation of CPI inflation includes a lagged, panel format for housing … [+] costs understanding how it works is crucial to estimating 2023 inflation. (Photo by ...
Why do people criticise CPI as a measure of inflation?
Are you sick of reading inflation articles yet? Perhaps. I’m nearly bored of writing them, anyway. The CPI, for the uninitiated, is the Consumer Price Index, which is the most commonly used metric in ...