The U.S. Federal Reserve’s favored inflation gauge, known as the personal consumption expenditures price index, rose a hair higher in July, showing inflation remains sticky. Equity valuations held steady while bitcoin’s price and gold recorded modest declines following the government’s inflation reading. Sticky Inflation Refuses to Give the Fed Any Breathing Room On Tuesday, the […]
Source: https://news.bitcoin.com/finance/sticky-inflation-strikes-again-as-fed-faces-stagflation-trap/
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