{"id":19441,"date":"2024-12-11T16:37:58","date_gmt":"2024-12-11T14:37:58","guid":{"rendered":"https:\/\/forklog.com\/en\/us-inflation-accelerates-as-bitcoin-surges-past-100000\/"},"modified":"2024-12-11T16:37:58","modified_gmt":"2024-12-11T14:37:58","slug":"us-inflation-accelerates-as-bitcoin-surges-past-100000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-inflation-accelerates-as-bitcoin-surges-past-100000\/","title":{"rendered":"US Inflation Accelerates as Bitcoin Surges Past $100,000"},"content":{"rendered":"

In November, annual inflation in the United States reached 2.7%<\/a>, up from 2.6% the previous month, aligning with market expectations of 2.7%.<\/p>\n

On a monthly basis, the consumer price index rose by 0.3%, compared to 0.2% in October. The consensus forecast had anticipated a 0.3% increase.<\/p>\n

Excluding food and energy prices, the index rose by 0.3% from the previous month and by 3.3% compared to November last year. The previous report showed figures of 0.3% and 3.3%, respectively. Analysts had expected the October pace to continue.<\/p>\n

Prices for services excluding housing and energy rose by 0.34% after increasing by 0.31% in October, 0.4% in September, 0.33% in August, 0.21% in July, and declining by 0.05% and 0.04% in May-June. The Fed<\/span> noted the importance of this metric in analyzing the inflation trajectory.<\/p>\n

According to Bloomberg<\/a>, the report indicates a halt in disinflation. Price growth rates still significantly exceed the Fed’s target level, although they are substantially lower than in 2021 and 2022, when there was a massive increase in the cost of living.<\/p>\n

However, John Brady, managing director at RJ O\u2019Brien, is confident that monetary authorities will cut the key rate in December, as rhetoric and the forecast trajectory have “cemented such expectations.”<\/p>\n

The release of macroeconomic statistics caused volatile fluctuations in the range of $98,200-$98,800 for Bitcoin and $3,720-$3,750 for Ethereum.<\/p>\n

\"1-1355\"
15-minute BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n
\"BTCUSDT_2024-12-11_18-33-02\"
15-minute BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n

Investors slightly increased the odds of the Fed continuing its policy easing cycle at the meeting on December 17-18. The swap market indicates a 92% probability of a 25 basis point move.<\/p>\n

In the futures market, the figure stands at 97.9%. Before the data release, the odds were estimated at 88.9%.<\/p>\n

\"1-1356\"
Data: CME Fed Watch<\/a>.<\/figcaption><\/figure>\n

CryptoQuant has warned of a potential pause in the digital gold rally.<\/p>\n

Previously, Real Vision’s chief analyst Jamie Coates suggested Bitcoin might enter a correction in two to three months.<\/p>\n","protected":false},"excerpt":{"rendered":"

In November, annual inflation in the United States reached 2.7%, up from 2.6% the previous month, aligning with market expectations of 2.7%. On a monthly basis, the consumer price index rose by 0.3%, compared to 0.2% in October. The consensus forecast had anticipated a 0.3% increase. Excluding food and energy prices, the index rose by […]<\/p>\n","protected":false},"author":1,"featured_media":19440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249,1224,1145],"class_list":["post-19441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system","tag-macroeconomics","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=19441"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/19440"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=19441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=19441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=19441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}