Markets took a nosedive after yesterday’s release of core inflation amid persistent inflation but have since recouped losses. Today we are discussing the markets, where inflation is likely to go, the rising US Dollar and what this news-packed week is likely to mean for all of us as we follow the DeFi space.
The US Bureau of Labor & Statistics presented its results, which included core CPI at 6.6% year-on-year.
This is the highest core CPI since 1982. The importance of a long-term perspective can sometimes be overlooked in DeFi given how young the space is, so to really delve into it, let’s talk about the worst consumer goods inflation in over 4 decades.
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