CPI report: Market reactions diverge as crypto sustain a slight dip

The stock market and precious metals saw a rise while crypto dipped slightly.for June stayed within the anticipated outcomes. However, its impact on the crypto market, stock, and precious metal markets varied significantly. Nevertheless, regardless of the diverse reactions observed, the report generated substantial attention and discussion leading to its publication.released the much-anticipated CPI report for June.

During June, inflation reached its lowest annual rate in over two years, mainly due to a combination of slower price growth and more favorable comparisons against a period when inflation rates were at their highest in four decades. The consumer price index, a key metric for measuring inflation, recorded a 3% increase compared to the previous year, marking the lowest level since March 2021. Furthermore, on a monthly basis, the index experienced a modest rise of 0.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trading Game Plan: Trading the CPI data, Bitcoin and Altcoin price action, and earnings season tradesKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

U.S. stock investors count on earnings to propel rally after upbeat CPI reportWednesday’s closely-watched inflation report showed consumer prices increasing in June at their slowest annual pace since March, 2021
Source: globeandmail - 🏆 5. / 92 Read more »

CPI: Gold and stocks - time to fly? (or fail to launch)Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

British wage growth matches record high, but job market shows signs of coolingSterling edged up but yields on two-year British government bonds fell sharply, suggesting investors were dialling back their bets on how much higher the Bank of England would go with its run of rate hikes
Source: globeandmail - 🏆 5. / 92 Read more »