US Dollar struggles as Fed rate-cut bets build; bitcoin soars to record high | Crypto Craft

  • US Dollar struggles as Fed rate-cut bets build; bitcoin soars to record high

    From brecorder.com

    The U.S. dollar languished at multi-week lows against major peers on Thursday as traders ramped up bets for the Federal Reserve to resume cutting interest rates next month. Rising expectations for Fed easing combined with increasing institutional cryptocurrency investment powered bitcoin to a fresh record peak. Australia’s dollar gained after data showed the labour market was surprisingly resilient. It was a slightly different story in the U.S. where Fed rhetoric has turned overall more dovish of late on signs of a cooling labour market, while President Donald Trump’s tariffs have not added to price pressures in ... (full story)

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NotAtrader
Aug 14, 2025 7:14am
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Quoting Trader#EBAB
Y/Y inflation rate for top 30 food items in the U.S. including eggs is 2.8%, while excluding eggs it is 1.7%. Y/Y inflation rate for the energy is -3.5%. Y/Y inflation rate for housing is 4.0%. The simple average inflation rate across food, energy, and housing is 1.1%. ChatGPT
I am not sure if averaging is the correct way to calculate the overall inflation. There must some kind of coefficient of significance of each category.
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Trader#EBAB
Aug 14, 2025 4:20am
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Y/Y inflation rate for top 30 food items in the U.S. including eggs is 2.8%, while excluding eggs it is 1.7%.

Y/Y inflation rate for the energy is -3.5%.

Y/Y inflation rate for housing is 4.0%.

The simple average inflation rate across food, energy, and housing is 1.1%.

ChatGPT
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