CPI


Markets

Headline CPI Expected to Have Spiked Higher in August, but Core Rate Seen Slowing

The U.S. government on Wednesday morning will release its latest official inflation data.

The April inflation report was released Wednesday morning (JLGutierrez/Getty Images)

Markets

First Mover Asia: Bitcoin Is CPI Resistant

Modest Consumer Price Index numbers mean that the chance of another rate hike is dwindling.

(CoinDesk Indicies)

Finance

U.S. July CPI Matches Estimates With 0.2% Monthly Growth

The number may decrease the chance the Fed will raise rates next month, a potential catalyst for bitcoin.

(Getty Images)

Markets

First Mover Americas: Bitcoin Flirts With $30K as Traders Await CPI

The latest price moves in crypto markets in context for August 9, 2023.

Bitcoin is up ahead of the release of July's U.S. inflation numbers on Thursday. (CoinDesk archives)

Markets

CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst From July Inflation Data

Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024.

The April inflation report was released Wednesday morning (JLGutierrez/Getty Images)

Markets

Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K

Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.

(JESHOOTS.COM/Unspalsh)

Videos

Bitcoin Reaction as Inflation Eases; Could Elon Musk Rival ChatGPT Next?

“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including bitcoin's reaction after the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Plus, on-chain data reveals how much Silk Road-linked bitcoin the U.S. government recently moved. And, Elon Musk announces his new AI company, xAI, that states its mission is to "understand the true nature of the universe."

Recent Videos

Videos

Bitcoin Nears $31K After June U.S. Inflation Data

The U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Bitcoin (BTC) rose modestly to $30,900 in the immediate aftermath of the report before retreating slightly. Unchained CEO and co-founder Joe Kelly discusses the market reaction. Plus, insights into the U.S. spot bitcoin ETF race and Unchained's private client service launch.

CoinDesk placeholder image

Finance

Bitcoin Holds Just Below $31K After U.S. Inflation Improves More Than Forecast

Economists had forecast sizable year-over-year declines in both headline and core inflation for this report.

The April inflation report was released Wednesday morning (JLGutierrez/Getty Images)

Markets

Crypto Catalyst Watch: June CPI, PPI Readings Hold the Spotlight

The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month.

(Getty Images)