Crypto Markets Unsure What to Make of Latest Inflation Figures
Crypto Mercados de criptomoedas não sabem o que fazer com os últimos números da inflação 01/12/2023 Notícias do Bitcoin Ethereum Crypto markets whipsawed in reaction to the latest inflação data, which indicated a mild decline in line with analysts expectations. The Consumer Price Index (CPI) declined 0.1% in Dec., according to the latest inflation Denunciar from the U.S. Bureau of Labor Statistics. This was the biggest monthly decline since April 2020. Although year-on-year CPI continued to rise by 6.5%, it still represents progress in terms of inflation reduction. The Dec figures are an improvement over the Nov. monthly increase of 0.1% and year-on-year jump of 7.1%. The latter figure peaked at 9.1% in June last year. But while last months figures came in abaixo das expectativas, this month they were exactly as analysts had predicted. Reação ao mercado As the Dec. consumer prices report demonstrated that inflation is cooling, it garnered a mixed reaction from stock futuros. Futures linked to the Dow Jones Industrial Average gained 72 points, rising 0.2%. But while S&P 500 futures were also up 0.2%, Nasdaq-100 futures trailed off 0.1%. Stock indices took well to the news, with the S&P 500 rising 4% and the Nasdaq Composite up 6%. These figures were taken over the