Crypto News: Jerome Powell Speech, PCE Data, & More! (Bitcoin, Ethereum, & DXY News Today!)

Crypto News: Jerome Powell Speech, PCE Data, & More! (Bitcoin, Ethereum, & DXY News Today!) In this video, we talk about the Personal Consumption Expenditures Price Index and the Consumer Price Index (CPI) and how they will affect the Feds decision regarding federal funding rate hikes. Based on the results, this will have an effect on how aggressive the Federal Reserve will be on inflation during the FOMC meeting later this year. We talk about Bitcoin, the US dollar, and inflation and more! We also talk about Jerome Powell speech at the Jacksonhole Symposium tomorrow!

From Investopedia.com: What Is the Consumer Price Index (CPI)?
The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The U.S. Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending.

The CPI is one of the most popular measures of inflation and deflation. The CPI report uses a different survey methodology, prices sample and index weights than the producer price index (PPI), which measures change in the prices received by U.S. producers of goods and services.