• US CPI inflation slowed to 5% from 6%
• Fed forecasts ‘mild recession’
• Bitcoin exceeds $30K
U.S. Inflation Data
The U.S. Consumer Price Index (CPI) inflation slowed down to 5%, which is the biggest single drop this cycle, as well as core inflation remaining high with services inflation higher than 7%.
The Federal Reserve aims to avoid past mistakes and is focusing on credit uncertainty in the short to medium term.
China and Russia are also experiencing a drop in their respective inflations and the DXY index has fallen to its lowest level in over a year.
Future of Dollar & Global Economy
This data could have potential implications for the future of the dollar and global economy.
CryptoSlate Alpha Article
For more detailed analysis of these events, readers can access exclusive insights on CryptoSlate’s Alpha platform that dives into further detail on the potential consequences of this data.