Inflation Down to 8.3% in August, But 3rd 75 BPS Hike Still Likely
Inflation gauge consumer price index (CPI) eased to 8.3% in August, compared to analysts' expectations of 8%.
BTC$62,686.00-1.67%
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USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
The Fed will have to juggle multiple macroeconomic balls to achieve soft landing.
Inflation gauge consumer price index (CPI) eased to 8.3% in August, compared to analysts' expectations of 8%.
Latest CPI print indicates that inflation seems to be finally slowing down for Americans
Financial experts are clamoring for a more aggressive interest rate hike in a desperate attempt to slow down the racing inflation figures.
Banks remain pessimistic ahead of the Consumer Price Index release for June as energy prices continue to surge.
US credit card debt shoots up as latest CPI data reveal historic 8.6% inflation rate.
Some economists believe US's inflation rate would not drop below 7% before Q4.
Bitcoin passed the $44,000 mark following the red-hot inflation report. Likewise, US stocks moved slightly higher.
A review of how inflation is to be calculated will take place in January, leading to suspicions of "masking" for the real rate.
Is crypto really a safe haven from fiat inflation, or does the industry need to adapt?
The billionaire hedge fund manager says he might 'go all in on the inflation trades' depending on the Fed's move.