Just now, the BLS released the latest inflation data and things are looking good for the U.S. economy.
According to the US Bureau of Labor Statistics (BLS), the annual inflation rate, reflected by the Consumer Price Index (CPI), fell to 2.4% in September, down from 2.5% in August.
As analysts anticipate the upcoming CPI data and the Federal Reserve’s interest rate decision in November, today’s release of key inflation figures has drawn significant attention from the Fed, as these metrics will influence its rate-setting choices.
In the meantime, Bitcoin was struggling to maintain its price above $60,000 amid significant selling pressure. Currently BTC is priced at $61,000.
Since 2022, China has been actively promoting the yuan as a go-to currency for trade among BRICS nations, capitalizing on geopolitical rifts—particularly after Western sanctions hit Russia.
Market anxiety is surging after President Trump’s latest move to impose sweeping tariffs, with crypto-based prediction platforms now signaling a growing belief that a U.S. recession is on the horizon.
As trade tensions rise and economic signals grow harder to read, America’s largest banks are posting quarterly results that reflect both resilience and caution.
BlackRock CEO Larry Fink has raised alarms over a possible U.S. recession, warning that the downturn may have already begun.