Inflation

Bitcoin halving is a fascinating phenomenon with the power to reshape the cryptocurrency landscape. Every four years, the rewards for mining Bitcoin are cut in half, leading to significant economic ripples. But how exactly does this event help control inflation? Dive in to uncover the mechanics behind Bitcoin halving and its broader economic implications. Decoding Bitcoin halving and also want to learn investing? The bitcoin-eprex.org/ can connect you with experts for a deeper understanding. Bitcoin Halving and Market Reactions Bitcoin…

The Bureau of Economic Affairs released its Personal Consumption Expenditures price index for May today on Friday.  The PCE - which is considered the Federal Reserve’s favoured inflation metric - seems to indicate that the central bank is winning its war against inflation.  Both the headline and core PCE YoY prints for May fell to 2.6%, in line with the market’s expectations. Meanwhile, the “supercore” PCE rose only by 0.1%, its smallest increase since August 2023.  BREAKING: May PCE inflation, the…

The post US PPI Inflation Drops, Sparks Optimism Amid Fed’s Dovish Stance appeared first on Coinpedia Fintech News The latest US PPI data revealed significant inflation cooling in May, marking its largest decline since October 2023. Inflation decreased to -0.2% in May, against market expectations of a 0.1% increase. The data has fueled optimism in the market amidst a dovish stance by the Federal Reserve. The Fed Chair’s latest remarks signaled only one rate cut this year. The Core PPI,…

The post FED Keeps Rate at 5.3%, Signals One Cut Despite Lower Inflation appeared first on Coinpedia Fintech News Federal Reserve officials revealed on Wednesday that inflation has moved closer to their target level in recent months. However, they indicated that they expect to cut their benchmark interest rate only once this year. This forecast is down from their previous projection of three rate cuts, due to inflation persistently remaining above their target level. The policymakers kept their key rate…

Inflation data has come in lower than expected and markets are surging across the board. In the crypto market, $BTC is up nearly 4% over the last couple of hours as it approaches $70,000. Better than expected inflation data There’s nothing like a better than expected inflation figure to lend impetus to a Bitcoin bounce. According to Reuters, prices rose only 3.3% in the year to the end of May, down 0.1% from April’s figure. Core inflation rose by 0.2%,…

The Federal Reserve holds its FOMC meeting Tuesday and Wednesday, when inflation data will be released. Interest rates are expected to stay as is, but market uncertainty as to the Fed’s future predictions and actions is causing risk assets such as Bitcoin to fall in anticipation. Confusing jobs data Mixed, and some say confusing recent jobs data, did nothing to clear the muddy economic waters for the US. Supposedly, 270k non-farm payroll jobs were created for the month of May,…

The post Bitcoin Recover Over Steady US PCE Inflation appeared first on Coinpedia Fintech News The US PCE inflation increased 0.3% in April, in line with market expectations. On a year-over-year basis, the PCE inflation jumped 2.7%. The Bitcoin price however noted a slight recovery, despite the latest inflation data. Following the PCE inflation release, Bitcoin price soared 0.95% to $68,773.23. Notably, The inflation remaining above the Federal Reserve’s 2% target range has dulled the investors’ sentiment so far.

Ricardo Salinas advocates Bitcoin as an effective hedge against global inflation during an interview with Bitcoin Magazine. Salinas emphasizes Bitcoin’s resistance to devaluation, which he views as crucial for safeguarding assets in hyperinflationary economies. In a recent post on X, Ricardo Salinas, a prominent Mexican billionaire and honorary chairman of TV Azteca, discussed the advantages of Bitcoin as a hedge against inflation. During his first Spanish-language interview on the subject with Bitcoin Magazine reporter Isabella Santos, Salinas shared his insights…

Triggered by the latest U.S. inflation data indicating a deceleration in price increases, Bitcoin has crossed the $66,000 threshold, signaling a robust response to favorable economic conditions. The unexpected slowdown in inflation has uplifted market spirits, catalyzing substantial gains across a wide array of major cryptocurrencies, reflecting a broader optimism in the digital asset space. Following recent U.S. economic reports indicating softer-than-expected inflation and sluggish retail sales, Bitcoin has soared past $66,000, reaching its highest level since late April. This…