WorldPingThe August CPI report had taken on outsized importance after Fed Chair Kevin Warsh two weeks ago suggested the central bank may have to act if inflation doesn't soon slow.
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Robinhood’s crypto volume increases 61% in August, still down 38% YoY
Core CPI rose a faster-than-forecast 0.3% in August, setting up possible Fed rate hike
The original report was published by CoinDesk. WorldPing does not claim that reporting — this page summarises and contextualises it.
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WorldPingBitstamp accounted for $10.1 billion of Robinhood’s August crypto volume, while trading on the Robinhood app fell 46% from a year earlier.
Brief by WorldPing · Original reporting by Cointelegraph
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
Brief by WorldPing · Original reporting by CNBC World
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