USinflation
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After #US inflation data: Will we witness a rally in the crypto market?
#_Themarket was eagerly awaiting #USinflation data. Which could pave the way for future interest rate hikes by the US Federal Reserve. At the same time, the latest data appears to have boosted market participants' confidence. Especially in the cryptocurrency market, as evidenced by the positive momentum in the industry. So, let's take a look at the latest inflation data and how the market is reacting to it. Core inflation in the United States reaches 3.9% Inflation in the United States reached . As shown by the annual change in the personal consumption expenditures price index. 3.5% in August. The rise in the $$personal consumption expenditures index was in line with market expectations. It is worth noting that the US Bureau of Economic Analysis issued these data. This reflects a slight increase from the previous month by 3.4%.
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#_Themarket was eagerly awaiting #USinflation data. Which could pave the way for future interest rate hikes by the US Federal Reserve. At the same time, the latest data appears to have boosted market participants' confidence. Especially in the cryptocurrency market, as evidenced by the positive momentum in the industry. So, let's take a look at the latest inflation data and how the market is reacting to it. Core inflation in the United States reaches 3.9% Inflation in the United States reached . As shown by the annual change in the personal consumption expenditures price index. 3.5% in August. The rise in the $$personal consumption expenditures index was in line with market expectations. It is worth noting that the US Bureau of Economic Analysis issued these data. This reflects a slight increase from the previous month by 3.4%.
#Follow us to see more news and details about digital currencies đđ”âŹïžđŻ
$BTC $ETH $BNB
The Uneven Impact of Inflation: A Breakdown of Price Changes Since February 2020
Despite cooling in July, US consumer prices have risen sharply since February 2020 due to a perfect storm of inflationary pressures, with the CPI-U increasing 20.9% compared to just 9.1% assuming the Fed's 2% target. Transportation prices have risen most steeply, up 30.4%, while education and communication have seen the smallest increases at 5.2%. Food, beverages and housing have also seen above-average price hikes of 25.2% and 23.7% respectively. While inflation may return to 2%, prices will remain elevated and the effects of the crisis will linger. Energy prices, when looked at separately, have seen the biggest increase of all at 30.4% since February 2020.
#USinflation #transportation #economy #USeconomy
$USDC $BTC
Despite cooling in July, US consumer prices have risen sharply since February 2020 due to a perfect storm of inflationary pressures, with the CPI-U increasing 20.9% compared to just 9.1% assuming the Fed's 2% target. Transportation prices have risen most steeply, up 30.4%, while education and communication have seen the smallest increases at 5.2%. Food, beverages and housing have also seen above-average price hikes of 25.2% and 23.7% respectively. While inflation may return to 2%, prices will remain elevated and the effects of the crisis will linger. Energy prices, when looked at separately, have seen the biggest increase of all at 30.4% since February 2020.
#USinflation #transportation #economy #USeconomy
$USDC $BTC
