Bitcoin Breaks Away From Stock Market Amid Recession Fears

Healthy demand for non-essentials could drive additional spending and inflate prices, especially in the presence of a strong labor market with decades-high employment levels. 


Yesterday’s January CPI report revealed that core CPI, excluding food and energy costs, rose to 0.4% last month. This number complicated the inflation narrative, which suggested that disinflation in other sectors of the economy pointed to the success of the Fed’s tightening policy. 

Now, with higher retail sales and higher CPI, the Federal Reserve will likely increase interest rates to above 5% at its March 2023 Open Markets Committee meeting.

Topics: btc, infilation
Be the first person to like this.