Crypto Blog
Aligned with most expectations, the US Consumer Price Index showed a 2.5% year-over-year increase in August, which is 0.4% lower than the number for July.
The CPI increase of 2.5% for August showcases a moderate decline in the metric for the past year. In fact, the YoY climb for August 2023 was at 3.7%. The 2024 high came in March at 3.5%. This CPI report had a particular meaning for investors as it’s the last before the September 18-19 FOMC meeting. Recall that Fed Chair Jerome Powell said in late August that the time has come for the central bank to start lowering the interest rates.that the promising numbers for the inflation rates mean that the Fed will introduce a 25 basis point cut next week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Saylor Reacts to BTC Price Drop With Urgent WarningSaylor's message comes at time when market is in extreme fear
Read more »
Bitcoin (BTC) Price: Top Trader Weighs In on $250,000 Price TargetCan Bitcoin still reach $250,000 next year?
Read more »
Bitcoin Price Analysis: BTC Loses Momentum With Possible Price Declines to $56K and $52KCrypto Blog
Read more »
'$1 Million Bitcoin' Advocate Samson Mow Confirms No 10,000 BTC Dump by USSamson Mow, proponent of $1 million BTC theory, ends speculation on 10,000 BTC US government sell
Read more »
Bearish Ethereum Warning Issued by Tuur DemeesterETH/BTC pair predicted to collapse to just 0.03 BTC
Read more »
Crucial Bitcoin (BTC) Price Statement Made by Samson MowProminent Bitcoin supporter Samson Mow reveals the threshold from which BTC “sale” will stop
Read more »