Inflation


Finance

U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K

In a year of mostly bad news on inflation, the government's Wednesday report gave some hope that Fed rate cuts might still be on the table.

The government's inflation report for April was released Wednesday morning (Getty Images)

Markets

Bitcoin Market Activity Suggests Looming U.S. Inflation Data May Be Non-Event

The way bitcoin options are priced suggests Wednesday's CPI report, though pivotal, may do little to disturb the calm in the crypto market.

food shopping in brown bags

Markets

Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week

The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.

food shopping in brown bags

Markets

Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K

Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.

Down Arrow spray painted on a brick wall (Shutterstock)

Markets

Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report

Increasing concerns about sticky inflation hit risk assets across all markets, cryptos included.

Bitcoin price on April 25 (CoinDesk)

Opinion

What Is Bitcoin Meant to Hedge?

The cryptocurrency underperformed this week as an economic safe haven. But bitcoiners are taking a longer term view.

(engin akyurt/Unsplash)

Markets

Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print

Major U.S. equity indices closed the day lower after disappointing CPI numbers, while BTC was up 1%.

Bitcoin price on April 10 (CoinDesk)

Finance

U.S. CPI Comes in Faster Than Hoped, Rising 0.4% in March, 3.5% Y/Y

Stubbornly high inflation has shattered Wall Street expectations for a long series of rate cuts in 2024.

food shopping in brown bags

Markets

Bitcoin Breakout Halts as U.S. Inflation Data Looms

The Bureau of Labor Statistics is set to release March 2024 CPI data Wednesday at 8:30 a.m. ET (12:30 UTC).

Costs. (Geralt/Pixabay)

Markets

Bitcoin’s Acceptance as 'Digital Gold' May Spur Demand From New Investors: Coinbase

Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.

Graph on a blackboard showing the relationship between supply and demand.