News with the tag "2% Inflation"

The much-awaited US PPI data today showed that the inflation has advanced 3.5% in January, up from the prior month’s figure of 3.3%. This gloomy data, after the recent hotter-than-anticipated US CPI inflation figures, has further added pressure on the crypto market traders. However, with an unexpect...

The headline US PCE inflation has increased for the third month to 2.6%, reported the Bureau of Economic Analysis on Friday. Moreover, the core PCE inflation in the United States has unexpectedly steadied at 2.8% in December, the same as in November. Stocks and Bitcoin price are starting to rise aga...

Crypto Market Today, January 31: Bitcoin (BTC) and altcoins have again encountered a turbulent action right ahead of vital U.S. economic data release. As the PCE inflation data looms for Friday, traders and investors appear to be uncertain about the market’s performance ahead. Simultaneously, BTC tr...

The financial market has gone through a topsy-turvy scenario lately, with soaring macroeconomic concerns weighing on the investors’ sentiment. Notably, recent economic indicators like the US Job data and Fed officials’ hawkish remarks have fueled concerns among traders. Having said that, investors n...

The Federal Reserve is widely expected to announce a quarter-point interest rate cut this week following its two-day policy meeting. As central banks gear up for monetary policy decisions, market participants are keen to understand the rationale behind the anticipated cut and its future trajectory. ...

Investors eagerly awaited the crucial US Producer Price Index (PPI) data, especially after the recent CPI inflation accelerated last month. Notably, the latest data showed that the US PPI accelerates at 3%, up from the 2.4% figure noted in October. The surge also exceeded market forecasts, dampening...

Tech billionaire Elon Musk has recently hinted that the Department of Government Efficiency (D.O.G.E.) could end the US inflation. In a recent social media post, Musk has shared the potential reasons causing the inflation and key steps that could end the soaring prices. Notably, this comes as the Te...

The crypto market enters a crucial week, with the US CPI inflation figures in focus. In addition, the US Producer Price Index (PPI) data, another critical inflation metric considered by the US Federal Reserve to decide their rate cut plans, is also scheduled for this week. Notably, investors eagerly...

The US personal consumption expenditures (PCE) price index inflation data has come out in line with expectations. This US inflation data is significant, considering the impact that it could have on the Bitcoin price and the broader crypto market. US Inflation Comes In At 2.3% The US Bureau of Econom...

After facing multiple rejections at $100,000, Bitcoin price has cracked another 4% hitting an intraday low of $92,785 levels. This is the largest single-day drop for BTC following Donald Trump’s victory in US elections. Bitcoin options’ monthly expiry, fear of Trump tariffs, partial profit booking, ...