Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- The Federal Reserve halted rate increases last month for the first time in nearly a year.
- Inflation has decreased from 9% in August 2022 to 4% in May.
The U.S. June Consumer Price Index (CPI) is set to be published on Wednesday, followed by the Producer Price Index (PPI) the next day, refocusing attention on inflation data after a week filled with significant employment reports.
If a decline occurs, investors may anticipate that the Federal Reserve will reassess its intention to raise interest rates by 25 basis points (bps). The Federal Reserve paused rate hikes last month for the first time in almost a year, indicating a shift back to a more hawkish monetary stance.
Investors to Keenly Observe
Related Posts
Inflation has been reduced from 9% in August 2022 to 4% in May due to the Fed’s actions, but there are growing concerns that the Fed may have overstepped, potentially leading the nation into a severe recession.
U.S. monetary policy analysts will be closely examining the June Consumer Price Index report from the Labor Department on Wednesday. The CPI has gradually decreased from last year’s high. Most economists predict the index will decline by approximately 3% in June, while experts indicated on Monday that the index could drop by as much as 2.8%.
The PPI, which measures fluctuations in wholesale prices, serves as a reliable indicator of what consumers might expect at the point of sale. May’s PPI annual growth of 1.1% was significantly lower than April’s 2.3% increase and well below market forecasts of a 1.5% decrease. Economists anticipate an outcome of 0.4% for June.
Crypto investors will be closely monitoring these figures, as they are likely to influence the volatility of all cryptocurrencies.
Highlighted Crypto News Today:
Arkham Token Sale on Binance Spurs This Massive BNB Whale Activity
