In October, inflation expectations among US consumers for the next 5 to 10 years reached 7.1%, the highest level in more than 40 years. This figure is has duplicated in a few months, reflecting the University of Michigan Consumer Survey. Historically, inflation expectations have hovered around 3% over the past three years, marking a significant … Read more
Demand for bitcoin (BTC) has been declining this week as an inflation report from the major financial power approaches. This is the consumer price index (CPI) of the United States. This report will be published tomorrow, Thursday, October 10, at 12:30 PM (UTC), something that could stir volatility in financial markets. Lower inflation would imply … Read more
Key facts: A day of high volatility is expected for bitcoin. Investors in bitcoin ETFs are piling up, waiting for a bullish October. Today at 12:30 PM (UTC time) the United States Personal Consumption Expenditure (PCE) Price Index will be released. This report is key to evaluating inflation in financial and economic power, so its … Read more
This Friday, September 27, the US PCE will be published, something that could bring volatility to the markets, including bitcoin (BTC). The report will be released at 8:30 AM New York time (12:30 PM UTC time). The PCE (personal consumption expenditure price index) measures changes in the prices of goods and services consumed by households. … Read more
Jerome Powell, chairman of the Federal Reserve (Fed), the central bank of the United States, was optimistic about the economy today, after announcing a cut in interest rates. “Our economy is strong overall and has made significant progress toward our goals over the past 2 years,” express. Inflation has been falling in the economic powerhouseas … Read more