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Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion

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Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion - Bitcoin News

Quick Summary:

A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S.consumer price index (CPI) metrics will likely be elevated.

While the Fed’s target is 2%, the report for August’s inflation rate had shown the CPI was still running hot at 8.3%.

The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise rapidly.


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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 14:00:07 (1 months ago)

News Timezone: GMT +8:00

Ranking: #186 (out of 3166 stories this day)

News Source URL: news.bitcoin.com

Language: English

Article Length: 633 words

Reading Time: 4 minutes read

Sentences: 45 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 742356

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About Bitcoin News

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Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 16 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

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