U.S. inflation data shows signs of disinflation, with CPI inflation dropping to 5% from 6% and energy in deflation for the first time since 2021. However, core inflation remains high, with services inflation above 7%. As the Fed aims to avoid past mistakes, credit uncertainty looms large in the short to medium term. Meanwhile, China and Russia also experience inflation drops, and the DXY index sinks to its lowest level in over a year. But what does this mean for the future of the dollar and the global economy? Discover the answer and the potential consequences in our exclusive Alpha article...
U.S. inflation comes down, but Fed forecasts ‘mild recession’: MacroSlate Weekly U.S. inflation comes down, but Fed forecasts ‘mild recession’: MacroSlate Weekly
U.S. CPI inflation slowed to 5% from 6%, the largest single drop in inflation this cycle, Bitcoin exceeds $30K
4 min read
Updated: Jul. 17, 2023 at 3:29 pm UTC
Federal Reserve. Remixed by CryptoSlate
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
