Inflation
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Ffed-chair-jerome-powell.jpg&w=1536&q=40)
With the CPI having landed on the same day as last month’s FOMC meeting, there’s a lot to be learned from the meeting minutes
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fprez-candidates-24.jpg&w=1536&q=40)
The Fed’s preferred inflation gauge on Friday showed that prices are increasing at the slowest rate since 2021
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fjerome-powell-1.jpg&w=1536&q=40)
Analysts say the report’s impact will be short-lived since the Fed will reveal their plans before markets close
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2Fpurple-btc-centered.jpg&w=1536&q=40)
Thursday’s GDP report shows economic growth is slowing faster than expected, spurring concerns from economists over stagflation
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2Fneel-kashkari.jpg&w=1536&q=40)
The US economy added 303,000 jobs in March, almost 100,000 more than economists had predicted
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Fjavier-milei.jpg&w=1536&q=40)
Blockworks spoke with Maxi Raimondi, chief financial officer at one of Argentina’s leading crypto exchanges
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Ffederal-reserve.jpg&w=1536&q=40)
Interest rates hold steady for fifth-consecutive FOMC meeting as Fed calls for three cuts later this year
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F03%2Fbitcoin-pink-pastel-groovy.jpg&w=1536&q=40)
Stocks and cryptocurrencies have been on the decline since Thursday, although analysts say this week’s bad economic reads should have caused a bigger selloff
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fmoney-green-bg-purple-hands.jpg&w=1536&q=40)
January’s core personal consumer expenditures index, which excludes volatile food and energy prices, showed a 0.4% month-over-month increase and a 2.8% increase over the year
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fbtc-pink.jpg&w=1536&q=40)
Analysts say continued demand for spot bitcoin ETFs, optimism that a spot ether product will hit the market this year and anticipation of bitcoin’s next halving are the main tailwinds for this rally
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fbtc-graphic-pink-blue-hands.jpg&w=1536&q=40)
Bitcoin came close to breaking through $52,000 Wednesday morning in New York, recovering from losses spurred by Tuesday’s hotter-than-expected inflation data
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2Fbenjamin-franklin-zoomed.jpg&w=1536&q=40)
January’s consumer price index, which broadly measures goods and services across the country, rose 0.3% from December
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F12%2FBrian-Armstrong-green-background.jpg&w=1536&q=40)
If what Coinbase says is true — that crypto is a legitimate financial alternative — then it must kick its addiction to supply inflation
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F06%2FChristine-Lagarde-2.jpg&w=1536&q=40)
Global bank leaders say a recession is unlikely, but persistent inflation may lead to rate hikes
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F06%2Finvester-sentiment-fed.jpg&w=1536&q=40)
Crypto market sentiment is negative as bitcoin lags during a Wall Street rally
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F04%2Fargentinabinance.jpg&w=1536&q=40)
Binance has launched its on-ramp and off-ramp in Argentina, giving locals a way into digital asset markets
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F03%2Fcpi-inflation-bitcoin.jpg&w=1536&q=40)
Goods marked a 0.4% month-over-month price increase, compared with a 0.5% monthly increase in January, which is in line with analysts’ expectations
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F02%2Finflation-worse.jpg&w=1536&q=40)
Derivatives markets show a 40% probability of rates eventually going greater than 5.5%, another possibility traders hadn’t considered at the beginning of February
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F02%2Fben-franklin-eyes.jpg&w=1536&q=40)
Even a slight decline in the historically high inflation Americans have experienced for roughly 18 months is a cautiously positive sign, analysts say
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F01%2Fcrypto-ukraine-russia.jpg&w=1536&q=40)
Trade volumes for Russian ruble and Ukrainian hryvnia pairs spiked at critical points throughout the conflict — especially when fiat was threatened
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F01%2Fmarketsup2.jpg&w=1536&q=40)
Crypto and traditional equities are posting gains as sentiment shifts towards risk-on assets ahead of the next FOMC meeting
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F01%2Fbitcoin-gold.jpg&w=1536&q=40)
The index, a measure of trader sentiment, rose to its highest point on Thursday after hovering near record lows for more than a month last year
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F01%2Fbitcoin-mining-stocks.jpg&w=1536&q=40)
Hive Blockchain and Marathon Digital hit daily gains of 37% and 31%, respectively, as markets closed Thursday
Get the daily newsletter that helps thousands of investors understand the markets.