Cleveland Fed nowcasts signal escalating inflation pressures, crypto market bracing for impact

2023-8-17 01:00

Quick Take

The Federal Reserve Bank of Cleveland’s innovative approach to analyzing inflation presents a concerning picture. Utilizing its inflation nowcasting tool, the Bank provides daily nowcasts for two pivotal price indexes – the price index for Personal Consumption Expenditures (PCE) and the Consumer Price Index (CPI). According to the Bank’s August data, the CPI is predicted to accelerate to 3.82%, marking a significant 0.79% increase within a month.

Further, the Core CPI, stripped of volatile food and energy components, is also forecasted to augment by 0.38% within the same period, leaving the year-over-year core CPI at an alarming 4.46%. This sharp upswing in inflation metrics signals increased pressures on the Federal Reserve to curb inflation. The data emphasizes the arduous task ahead, underscoring the need for carefully calibrated strategies to mitigate the amplified inflationary pressures and stabilize the economy.

CryptoSlate latest market report showcases the potential key drivers that could see a re-acceleration in inflation.

Inflation: (Source: Clevelandfed.org)

The post Cleveland Fed nowcasts signal escalating inflation pressures, crypto market bracing for impact appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

inflation price index cleveland bank nowcasts two

Источник: cryptoslate.com

inflation price → Результатов: 126


Фото:

Beam, BCH, BTC, Zcash to Halve Inflation Next Year

There’s been a lot of noise about Bitcoin’s halving, set to occur in May, and the effect this will have on price as BTC’s mining reward is slashed. It’s not the only PoW coin gearing up for a major reduction in its emission rate next year, with Bitcoin Cash, Beam, and Zcash all set to […] The post Beam, BCH, BTC, Zcash to Halve Inflation Next Year appeared first on Bitcoin News.

2019-12-9 21:35


USDT premium was caused by USD inflow and not Tether Inflation, claims Chinese Bitcoin Billionaire

Bitcoin [BTC] recently led a significant bull run which pumped up the price by 15% in valuation. After the hike, the price of USDT was over 7 yuan on over-the-counter platforms, which meant crypto traders based out of China had to pay an additional 3 percent to 5 percent for Tether [USDT] to avoid a […] The post USDT premium was caused by USD inflow and not Tether Inflation, claims Chinese Bitcoin Billionaire appeared first on AMBCrypto.

2019-4-16 04:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Rate hikes linked to 11 out of 14 past U.S. recessions, historical analysis shows

Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11 times.

Biden administration to veto overturning of controversial SEC crypto rules

The Biden administration said on May 8 that it would veto H. J. Res. 109, which intends to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The administration said it “strongly opposes” the resolution as the change will interfere with the SEC’s efforts to protect crypto market investors and safeguard the financial system.