Inflation accelerated again in May after slowing down in April, which could have a negative impact on cryptocurrency markets already reeling from the Federal Reserve’s tighter monetary policy.
The Consumer Price Index (CPI) rose 8.6% in the 12 months through May, which is the largest 12-month increase since December of 1981, the Bureau of Labor Statistics (BLS) reported Friday.
The largest monthly gains for CPI, an index that tracks price movements across a broad range of goods and…
Source link
