{"id":17631,"date":"2023-02-14T17:39:10","date_gmt":"2023-02-14T17:39:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-inflation-remains-higher-than-expected-raising-concerns-among-investors-economics-bitcoin-news\/"},"modified":"2023-02-14T17:39:10","modified_gmt":"2023-02-14T17:39:10","slug":"us-inflation-remains-higher-than-expected-raising-concerns-among-investors-economics-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-inflation-remains-higher-than-expected-raising-concerns-among-investors-economics-bitcoin-news\/","title":{"rendered":"US Inflation Remains Higher Than Expected, Raising Concerns Among Investors \u2013 Economics Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate.<\/strong><\/p>\n

Inflation in the US Remains High, Causing Uncertainty in Markets<\/h2>\n

Inflation in the United States exceeded expectations among analysts and economists for January 2023. The U.S. Labor Department released<\/a> the Consumer Price Index (CPI) on Feb. 14, which measures the value of goods and services across the country. From December 2022 to January 2023, the rate dropped from 6.5% to 6.4%. However, over the 12-month period, prices rose by 0.5%.<\/p>\n

Furthermore, core CPI rose 0.4% over the month and 5.6% from the previous year. According to the U.S. Labor Department, \u201cThe index for shelter was the main contributor to the monthly all-items increase, accounting for almost half of the rise, with food, gasoline, and natural gas indexes also contributing.\u201d The latest inflation report has caused concern among investors that U.S. Federal Reserve Chair Jerome Powell will continue to raise rates.<\/p>\n

At the last Federal Open Market Committee (FOMC) meeting, the Fed appeared dovish and only raised<\/a> the federal funds rate by 0.25%. Powell stated that the central bank has been monitoring the \u201cdisinflationary process,\u201d but emphasized that it is still early. \u201cThere has been an expectation that it will go away quickly and painlessly \u2014 and I don\u2019t think that\u2019s at all guaranteed,\u201d said<\/a> Jerome Powell, the Fed chair, at an event last week.<\/p>\n

Following the Labor Department\u2019s CPI report, stocks, precious metals, and cryptocurrencies declined slightly but have since rebounded. As of 9:30 a.m. Eastern time on Tuesday, all four U.S. benchmark stock indexes (DJIA, SPX, COMP, RUT) are in positive territory.<\/p>\n

Similarly, the crypto economy<\/a> is recovering after experiencing some volatility immediately after the CPI was published, and it is up 0.7% today. While silver is down 1.23% at the time of writing, the price of gold per ounce has increased by 0.18% according to the New York Spot Price<\/a> on Tuesday.<\/p>\n

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Biden Inflation<\/a>, Central Bank<\/a>, consumer price index<\/a>, consumer spending<\/a>, CPI<\/a>, CPI report<\/a>, CPI report January<\/a>, Cryptocurrencies<\/a>, disinflationary process<\/a>, Economy<\/a>, Federal Funds Rate<\/a>, Federal Open Market Committee<\/a>, Federal Reserve<\/a>, Financial Markets<\/a>, FOMC<\/a>, Food<\/a>, Global Economy<\/a>, gold<\/a>, inflation<\/a>, Inflation Rates<\/a>, interest rates<\/a>, Investors<\/a>, jerome powell<\/a>, Joe Biden<\/a>, Markets<\/a>, Monetary Policy<\/a>, natural gas<\/a>, Precious Metals<\/a>, Price Increase<\/a>, shelter<\/a>, silver<\/a>, stocks<\/a>, trading<\/a>, U.S. Labor Department<\/a>, US Dollar<\/a>, Wall Street<\/a><\/div>\n<\/div>\n

What do you think about the latest inflation report in the U.S.? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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