In the latest economic report, inflation figures have aligned with expectations, showing a consistent trend in consumer prices.
Core Consumer Price Index (CPI) for November:
– Actual: 0.3%
– Forecast: 0.3%
– Previous: 0.3%
Consumer Price Index (CPI) Monthly Overview:
– Actual: 0.3%
– Forecast: 0.3%
– Previous: 0.2%
Yearly Consumer Price Index (CPI) Insights:
– Actual: 2.7%
– Forecast: 2.7%
– Previous: 2.6%
The data indicates that inflation remains a significant concern for households and policymakers alike, as the annual inflation rate has reached 2.7%, reflecting a steady increase from the previous month’s figure of 2.6%. This stability in the CPI comes as the Federal Reserve prepares for its upcoming policy meeting, with market analysts anticipating potential adjustments to interest rates in light of these figures.
Tether’s USDT Expansion Continues
In related financial news, Tether has announced a significant increase in its stablecoin supply, having issued an additional $1 billion USDT. This move reflects Tether’s ongoing growth and its pivotal role in the cryptocurrency market.
As of late 2024, Tether’s USDT has achieved a remarkable milestone, boasting over 109 million on-chain wallets, solidifying its position as the leading stablecoin globally. This expansion highlights the increasing adoption of USDT among users, particularly in emerging markets where it serves as a reliable alternative to traditional banking systems.
This combination of stable inflation data and Tether’s growth underscores the evolving landscape of both traditional and digital finance as stakeholders navigate economic challenges and opportunities.
