Key Takeaways Is Bitcoin showing signs of a bottom? Bitcoin shorts are being squeezed and spot-led demand is stepping in, but macro uncertainty and sticky inflation keep the trend far from guaranteeThe post Bitcoin faces a high-stakes November CPI shock collides with FOMC appeared first on AMBCrypto.
Category: inflation
Sept inflation hits 6-month high on higher food, transport costs
MANILA, Philippines — Inflation rose to a six-month high of 1.7 percent in September, slightly quicker than August’s 1.5 percent on higher transport and food costs, the Philippine Statistics Authority (PSA) reported on Tuesday. But the latest clip was better than the 2-percent median estimate of 14 economists polled by the Inquirer last week. It also
RBI may cut interest rates further as inflation outlook improves
The Reserve Bank of India (RBI) has hinted at the possibility of future rate cuts, a recent report by Crisil Intelligence said.