No One Expected This To Happen! | CPI Inflation Report & Crypto Market Rally: Fakeout Or Breakout?

No One Expected This To Happen! | CPI Inflation Report & Crypto Market Rally: Fakeout Or Breakout?

In this video, we talk about the consumer price index (CPI) October report that came out today! Based on the results, this will have an effect on how aggressive the Federal Reserve will be on inflation. We talk about crypto, the CPI report, PPI report, FOMC minutes, Consumer Sentiment report and more!

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.