US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision

Die USA. Labor Department released the consumer price index (VPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central bank’s decision regarding the federal funds rate.

Market Awaits Fed’s Decision on Interest Rates After CPI Report

Im Februar, inflation was consistent with expectations, with the consumer price index (VPI) increasing by 0.4% last month, equating to a 6% annual pace, according to the latest Prüfbericht from the U.S. Büro für Arbeitsstatistik. “Over the last 12 Monate, the all-items index increased by 6% before seasonal adjustment,” the CPI report states. “The index for shelter was the primary contributor to the monthly all-items increase, accounting for over 70% of the rise, while the indexes for food, recreation, and household furnishings and operations also contributed.”

The overall sentiment of the equity market has improved as three of the four U.S. benchmark stock indexes, except for the Russell 2000, saw gains. jedoch, am Montag, three of the four benchmark indexes were down, except for the Nasdaq Composite. zusätzlich, Monday marked the largest three-day decline in the two-year Treasury yield since “Black Monday” in 1987. jedoch, am Dienstag, following the CPI report, the two-year Treasury yield rebounded.

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According to Kevin Cummins, chief U.S. economist at Natwest Markets, although consumer inflation has decreased, it did not significantly impact the market. “As far as how important we thought this one [VPI] was going to be, it definitely now is not nearly as much of a market mover, given the backdrop,” Cummins stated in an Interview with CNBC. The Natwest Markets analyst also anticipates that the Fed will not raise the federal funds rate in March. While equity markets showed some improvement after the Labor Department’s CPI report was released, precious metals like gold and silver experienced a small dip bei 9:00 bin. (ET) am Dienstag.

The day prior, am Montag, the price of gold rose by 2%, and the cost of silver per ounce increased by 6% gegen die USA. Dollar. jedoch, according to the New York Spot Price, both precious metals experienced a decline at 9:00 bin. am Dienstag, with gold falling by 0.80% and silver decreasing by 0.71%. Conversely, cryptocurrencies saw a significant rebound, with the global crypto market cap increasing by 11.17% zu $1.13 Billion. Bitcoin (BTC) rose by 14.72% above the $26,000 per unit zone, and the second-leading crypto asset, Äther (ETH), spiked 8.43% higher to $1,744 per ether.

Tags in dieser Geschichte
all-items index, annual inflation rate, Bitcoin, Black Monday, Büro für Arbeitsstatistik, cnbc, Verbraucherpreisindex, VPI, crypto market cap, Kryptowährungen, equity market, Äther, Federal Funds Rate, Federal Reserve, financial contagion, food index, Global Economy, Gold, household furnishings and operations index, Inflation, Kevin Cummins, market analysts, Grundstimmung des Marktes, market strategists, Nasdaq Composite, Natwest Markets, New York Spot Price, recreation index, Russell 2000, shelter index, Silber-, two-year Treasury yield, UNS. benchmark stock indexes, UNS. Zentralbank, UNS. Wirtschaft

What do you think will be the U.S. central bank’s decision regarding the federal funds rate, and how do you think it will affect the overall economy and financial markets? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman ist der Nachrichtenleiter bei News und ein in Florida lebender Journalist für Finanztechnologie. Redman ist seitdem ein aktives Mitglied der Kryptowährungs-Community 2011. Er hat eine Leidenschaft für Bitcoin, Open-Source-Code, und dezentrale Anwendungen. Seit September 2015, Redman hat mehr als geschrieben 6,000 Artikel für Nachrichten über die disruptiven Protokolle, die heute auftauchen.

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