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Inflation
Bitcoin Spikes as US Inflation Slowed to 8.5% in July
U.S. inflation slowed in July, possibly signaling the worst of consumer-price increases is behind the economy. Bitcoin (BTC) jumped 2% in the minutes after the report. "The Hash" panel discusses the potential impact of inflation on the crypto markets and the larger financial world. "This news means that things are getting worse at a slightly slower pace than they were before," host Adam B. Levine said.
US Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps
Crypto markets responded favorably after the slower-than-expected reading, which takes pressure off the Federal Reserve to hike rates aggressively at the September meeting.
Inflation Probably Slowed in July, but Not by Enough to Trigger Crypto Bull Run
Goldman Sachs still sees the risk of higher consumer prices.
Americans See Inflation Plunging Next Year, New York Fed Survey Finds
Respondents to the widely considered survey expect inflation to run at 6.2% in 2023, which is down 0.6% from last month’s survey.
Bank of England Raises Interest Rate by Most Since 1995
At 1.75%, the rate is now the highest since the start of the global financial crisis in late 2008.
Bitcoin Up After July Fed Rate Hike Announcement
Bitcoin and other risk-on assets trending higher following U.S. Federal Reserve officials this week reiterating plans to keep raising interest rates higher to tamp down soaring inflation. Separately, the job market remains strong. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Lessons From the Turkish Government's Hasty Attempt to Regulate Cryptocurrencies
Grassroots action effectively stymied the quick adoption of bad crypto legislation.
Bitcoin Trades Cautiously Even as Real Yield, Dollar Support Bullish Stance
The U.S. 10-year real yield has dropped 46 basis points in two weeks, offering bullish cues to risk assets, including bitcoin.
What Is the Definition of ‘Recession?’ And Does Bitcoin Care?
The "two quarters" standard is simple, but the definition by the National Bureau of Economic Research gives policymakers much-needed wiggle room. For bitcoin, the semantics don't matter.
