Key facts:
Not since 1982 has such a rapid increase in annual inflation been recorded in the US
The price of bitcoin recovered 2.2% in the last 24 hours.
The year 2021 became the most inflationary of the last four decades in the US, as can be seen from the Consumer Price Index (CPI) published this Wednesday 12 from January. According to figures from the US Department of Labor, inflation in that country was 7% in the last 12 months.
USA. I had not seen such an accelerated increase in prices since 1982 39 years). The indicator known as the CPI is a metric that reflects the behavior of the prices of a representative group of products and services in the economy.
According to the information, the dwellings , used vehicles and energy were the goods that became more expensive in the main world economy. This year’s inflationary figures come after months of a highly expansive policy, which has allowed
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Despite the results, the price of bitcoin (BTC) reacted positively and broke a rachas a bassist who started last January 2nd. The increase in the price of bitcoin at the time of writing is close to 2% in the last 24 hours, with a price around USD 43,000.
Some reports account for losses of USD 82 million in 24 hours by traders who bet on the downside in the bitcoin futures market .
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Bitcoin correlated: shares are also in the green
The upward movement was also evident in the stock markets, with which bitcoin maintains a close correlation, as reported by CriptoNoticias.
The markets opened in green this Wednesday, after the declarations of the president of the American central bank, Jerome Powell, in a hearing before the senate this Tuesday, January 11. The official confirmed that the plan to control inflation would be maintained and stabilize the economy without generating traumas, which seems to have brought peace of mind to investors.
Some media affirm that the Inflation figures remained within the expectations of economists. A Bloomberg report from earlier this week estimated that year-on-year inflation would stand at 7.1%.
Consequently, markets would be interpreting that the Federal Reserve (FED) will not accelerate the increase in interest rates, which currently remain close to 0%. However, the decision on these adjustments will be announced after the first meeting of the US monetary authority, which will be held on January 26.
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