Bureau of Labor Statistics reports annual inflation at 4.2% in May, but crypto markets see a silver lining

The inflation surge may prompt the Fed to maintain or raise rates, impacting economic growth and energy market stability. The post US consumer inflation surpasses 4% amid Iran conflict-driven energy price surge appeared first on Crypto Briefing.

Gold dropped $138.60 on Wednesday as a hotter-than-expected May consumer price index (CPI) print erased any safe-haven premium built on Iran escalation fears, sending the metal to its lowest level in months. Gold and Silver Prices on June 10 At 1:08 p.m. EDT, gold bid at $4,120.10 per ounce, down 3.25% on the day. The […]

The CPI's rise, while significant, likely won't alter the Fed's rate stance, supporting stability in risk assets like Bitcoin and Ethereum. The post CPI rises at fastest rate in three years, meets market expectations appeared first on Crypto Briefing.

Persistent inflation and geopolitical tensions may hinder economic growth, complicate monetary policy, and impact investment strategies. The post Trump calls 4% inflation data ‘great’, expects drop after Iran war ends appeared first on Crypto Briefing.

BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June.

The Fed's steady rate decision highlights a cautious approach amid inflation and fiscal uncertainties, impacting crypto market volatility. The post Federal Reserve expected to hold rates steady at June meeting, says JPMorgan’s David Kelly appeared first on Crypto Briefing.

The reading likely supports restrictive monetary policy.

Matsumoto's focus on alternative data could enhance economic accuracy, impacting policy decisions, market stability, and investor confidence. The post Bureau of Labor Statistics nominee Matsumoto plans focus on alternative data sources appeared first on Crypto Briefing.