{"id":18750,"date":"2022-01-12T07:58:27","date_gmt":"2022-01-12T07:58:27","guid":{"rendered":"https:\/\/errante.com\/?p=18750"},"modified":"2022-01-12T07:58:27","modified_gmt":"2022-01-12T07:58:27","slug":"december-cpi-results-are-the-focus-of-the-day","status":"publish","type":"post","link":"https:\/\/errante.com\/es\/newsroom\/december-cpi-results-are-the-focus-of-the-day\/","title":{"rendered":"December CPI Results are the Focus of the Day"},"content":{"rendered":"\n
A key measure of consumer prices is expected to show that inflation at the consumer level spiked in December, the hottest increase in prices since the early 1980s. <\/p>\n\n\n\n
Economists expect the consumer price rose 0.4% in December, and 7% on a year-over-year basis, according to Dow Jones. That compares\u202fto a 0.8% jump in November, or a 6.8% gain<\/a>\u202fyear-over-year, the highest since 1982. <\/p>\n\n\n\n Excluding food and energy, CPI is expected to have risen 0.5% or 5.4% year-over-year, when the Labor Department releases the data Wednesday at 15.30 GMT+2. <\/p>\n\n\n\n Bitcoin traders have been predicting for years the largest cryptocurrency by market cap could serve as an effective hedge against inflation. That’s why they’ll be watching today\u2019s report for December. <\/p>\n\n\n\n Bitcoin prices quadrupled in 2020 and rose about 60% last year when traders said the Fed’s loose monetary policies could ultimately lead to a fast climb in consumer prices. <\/p>\n\n\n\n But as inflation ticked up, and Fed officials signalled they would move aggressively to tackle inflation, the price trend has reversed: Bitcoin is down more than 13% over the past 30 days. <\/p>\n\n\n\n Have your trading charts ready to see how this effects the USD and BTC.\u00a0<\/p>\n\n\n\n If you have any questions, please email our Education Centre<\/a>.<\/p>\n\n\n\n If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.com<\/a>.<\/p>\n\n\n\n We are Errante. Trading made personal<\/strong>.<\/p>\n\n\n\n Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [SD038<\/a>].<\/p>\n\n\n\n