consumer price index, Tariffs
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Inflation likely picked up in May, but not by much. A modest increase in the consumer price index won’t influence the Federal Reserve’s interest-rate policy, but could provide an early gauge of the impact of higher tariffs on prices for goods and services.
XRP price today sits at $2.24, up 10% over the weekend. Analysts eye $2.30 resistance as XRP momentum builds on ETF hopes and Japan expansion.
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Calendar on MSNPersonal Consumption Expenditures Price Index Expected at 2.2% Annual RatePersonal Consumption Expenditures Price Index Expected at 2.2% Annual Rate Economic forecasts anticipate the personal consumption expenditures (PCE) price index to register a 2.2% annual rate for April,
GoodRx tracked how inflation is hitting consumers across different budget categories, including prescription medications.
XRP has joined the Nasdaq Crypto US Settlement Price Index, a move that could further open the door to institutional exposure.
Bitcoin analysts say BTC price could drop in the short term before initiating a rally to all-time highs above $140,000. Bitcoin price may dip toward the $100,000-$104,000 range before new highs. CPI data on June 11 could trigger volatility, with higher inflation hurting Bitcoin.
Budget-conscious home seekers who need any whiff of hope may cheer the latest Case-Schiller national price index. The good news is that this oft-quoted yardstick of U.S. prices declined 0.3% between February and March. It’s the first monthly dip in the “seasonally adjusted” version of the index since January 2023.
Global food commodity prices declined in May, driven by marked drops in cereal, sugar, and vegetable oil prices, the United Nations' Food and Agriculture Organization said on Friday.