#inflation rate

• Growth in economic activity has slowed down. • Job gains have decelerated, yet unemployment rates remain low. • The U.S. banking system is sound and resilient. • Stricter financial and credit conditions for households and businesses may influence economic activity, hiring, and inflation. • The target inflation rate of 2% remains a constant goal.

Bitcoin advocate Javier Milei has secured victory in Argentina's presidential elections. Milei, a vocal critic of Argentina's central bank, blames its economic handling for the 140% annual inflation rate of the Argentine peso over the past year.

The US Consumer Price Index (CPI), which measures the inflation rate, was released today. The index decreased by 0.6% over the month and now stands at 6.5%. We covered the CPI in detail in this article. According to the release, the actual values correspond to the predicted figures. This means that inflation is sinking at the expected rate and investors are gradually returning to the market. Bitcoin is up 3% today, hitting $18,000 for the first time since Dec. 14

The Cosmos HUB community recently voted on a proposal to reduce the maximum inflation rate of its native token, Atom, from 14% to 10%. The voting concluded with 41.1% in support and 31.9% against the proposal.