The US Consumer Price Index (CPI) figures for June 2022 are expected to be out today. The White House is expecting the June CPI numbers to be “highly inflated”. But it believes that the CPI data would be backwards-looking as falling energy prices may have already eased some inflation concerns of Americans, who were earlier grappled with a substantial increase in the cost of food and gasoline.
High inflation numbers could lead to further interest rate hikes by the US Federal Reserve. Crypto experts believe that heightened inflation numbers may once again send the crypto markets into a tailspin due to Fed tightening fears. However, if the CPI numbers surprise everyone with indications of US economic cooling, crypto markets may witness an upward movement.
Earlier, high inflation numbers released in May had triggered a collapse in the stock, bond and crypto markets. The CPI data had then forced the US Federal Reserve to accelerate the pace of interest rate increase at its June policy...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...