CPI

Bitcoin braces for US inflation data as CPI nerves halt BTC price gains

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Bitcoin (BTC) hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Market “could get ugly” if CPI keeps risingData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $22,668 on Bitstamp at the most recent daily close — its …

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Summers Warns Fed on 1970s-Style Mistake With CPI Set to Slow

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Breadcrumb Trail Links PMN Business Former Treasury Secretary Lawrence Summers said he’s concerned that a slowing in headline inflation in upcoming data will prompt the Federal Reserve to conclude its policies are working, when much more action is in fact needed. Author of the article: Bloomberg News Christopher Anstey ivfia)s47){ihg6xzrc]k0fn_media_dl_1.png Bloomberg RSS Article content (Bloomberg) …

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Wall Street tumbles at close as worries mount ahead of CPI report

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Treasury yield inversion stokes recession worriesBoeing jumps, deliveries reach highest monthly level in 3 yearsGap slides on CEO exit, outlookIndexes fall: Dow 0.62%, S&P 0.92%, Nasdaq 0.95%NEW YORK, July 12 (Reuters) – Wall Street ended in negative territory on Tuesday as growing signs of recession kept buyers out of the equities market ahead of inflation …

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