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%.
This unexpected increase has raised concerns among investors, particularly in the crypto sector, where sentiment has been fragile due to broader economic uncertainties and the Federal Reserve’s firm stance on monetary policy.
The latest data from the Labor Department showed a monthly inflation increase of 0.5% for January, up from 0.4% in the previous month. Market expectations had predicted a milder rise, making this figure a cause for concern.
Meanwhile, Core CPI, which strips out the more volatile food and energy prices, climbed by 0.4% for the month—doubling December’s 0.2% increase.
On an annual basis, Core CPI reached 3.3%, slightly higher than the 3.2% recorded in December and surpassing Wall Street’s 3.1% forecast.
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a bold prediction on silver, calling it the “best asymmetric buy” currently available.
Fresh data on Personal Consumption Expenditures (PCE) — the Federal Reserve’s preferred inflation gauge — shows inflation ticked higher in May, potentially delaying the long-awaited Fed rate cut into September or later.
Federal Reserve Chair Jerome Powell is once again under fire, this time facing renewed criticism from Donald Trump over the Fed’s decision to hold interest rates steady in June.
Billionaire investor Ray Dalio has sounded the alarm over America’s soaring national debt, warning of a looming economic crisis if no action is taken.