Economy News

The US Producer Price Index (PPI) for January revealed a rise of 3.5%, surpassing December’s 3.3%, signaling persistent inflation concerns.

January’s U.S. Consumer Price Index (CPI) report revealed inflation running slightly hotter than anticipated, with annual inflation rising to 3% from December’s 2.9%.

Investor attention is locked on upcoming U.S. inflation data, which could shape Federal Reserve policy and ripple through financial markets, including crypto.

Bitcoin (BTC) and other altcoins have experienced significant drops recently, with a notable impact from new tariff actions taken by Donald Trump.

In an unexpected move, the Bank of England has opted to reduce interest rates for the third time since August, adding further uncertainty to an already volatile global financial landscape.

The Federal Reserve has reduced interest rates for three consecutive months since beginning its rate-cutting cycle in September.

Trade tensions between the U.S. and China have escalated again, with Beijing responding to Washington’s latest tariff hikes by introducing its own set of economic measures.