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.
Gold prices edged lower on Tuesday as traders closely monitored U.S.-China talks, the outcome of which could simmer down trade tensions and boost the global economy, lessening demand for safe-haven assets,
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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,
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.
GoodRx tracked how inflation is hitting consumers across different budget categories, including prescription medications.