• U.S. CPI inflation fell to 5% from 6%, with energy in deflation for the first time since 2021
• Credit uncertainty looms due to Fed’s aim to avoid past mistakes
• DXY index sinks to its lowest level in over a year
U.S Inflation Falls
The U.S Consumer Price Index (CPI) inflation dropped from 6% to 5%, the largest single drop this cycle, while energy prices were in deflation for the first time since 2021. Core inflation remains high, however, with services inflation above 7%.
Fed Aims To Avoid Past Mistakes
As the Federal Reserve works towards avoiding past mistakes, credit uncertainty is looming large in both the short and medium terms. This has been further corroborated by a drop in both China and Russia’s inflation rates as well as a decrease of the US Dollar Index (DXY) to its lowest level in over a year.
These economic developments raise questions on what these changes could mean for the future of not only the US Dollar but also for the global economy as a whole.
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In conclusion, U.S inflation has come down significantly but there is still some credit uncertainty due to potential consequences that may affect not only the US dollar but also have an impact on global economics as a whole. CryptoSlate Alpha provides users with exclusive insights and knowledge related to such topics through its membership program powered by Access Protocol.