Live updates on US finance and economy; CPI Report, Social Security, Bitcoin, Inflation, Interest Rates, Dollar vs. Euro…

Hello and welcome to our economy and finances Live Blog for Wednesday 20th July.

Bitcoin has improved its Market position in the last few weeksincreasingly more than eight percent in the last month and now hovering above $21,000. However, the asset has fallen in the stock market, Contribution to the belief of investors that the The US economy is headed for a recession.

Last week we also learned that inflation in June rose 1.3 percentleads to a 9.1 percent more than in the previous year. Many of the commodities that have fueled this historical rise are energy resources, which tend to affect the prices of others Goods and services across the market.

As we approach autumn Social Security recipients are getting a little anxious about COLA 2023, which many believe could reach up to 9 percent. The COLA is determined using the consumer price index July, August and September.