Mooners and Shakers: Crypto markets slump (slightly) as US inflation hits 40-year highs - Stockhead
Mooners and Shakers is sponsored by Dacxi, the world’s first purpose-built Crypto Wealth platform. CPI inflation data comes in, fresh 40 year highs, US dollar up, Bitcoin and crypto markets down slightly. This episode is sure to be played over and over again. Have these high inflation figures been largely “appreciated”? Possible. In general crypto is dipped in the news, but at the time of writing this is nothing more than scraps of paper. The US Consumer Price Index (CPI) inflation figures are due at 8:30 a.m. EST on Wednesday. And at 9.1% compared to the 8.8% expected by most, this is the biggest year-on-year increase since 1981. Good times. At least US financial analyst Jim “As Seen on TV” Cramer calls the inflation peak pretty much here. While it doesn’t inspire much belief according to some/many… Great, we now have confirmation that inflation will continue to explode — Doctor Stonk (@stock_doctor) July 13, 2022 Actually… said Cramer, let’s see if the Fed sticks to the guns of