On Wednesday, observers of U.S. monetary policy will eye the Labor Department’s release of the June CPI. The CPI has edged steadily downward since last year’s high. Economists’ consensus see June’s index dipping in the mid 3% range, although Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Monday note that it could tumble to 2.8%. Yet Moya also noted that core inflation, which excludes more volatile food and energy costs, could remain hot, a result of an expensive housing market. “Pricing pressures might remain throughout the summer,” Moya wrote.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://www.coindesk.com/markets/2023/07/11/crypto-catalyst-watch-june-cpi-ppi-readings-hold-the-spotlight/?utm_medium=referral&utm_source=rss&utm_campaign=headlines