{"id":181161,"date":"2023-10-26T04:56:40","date_gmt":"2023-10-25T23:26:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=181161"},"modified":"2023-10-26T04:56:40","modified_gmt":"2023-10-25T23:26:40","slug":"cpi-was-a-little-higher-than-we-expected-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cpi-was-a-little-higher-than-we-expected-crypto-news\/","title":{"rendered":"CPI was a little higher than we expected &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>The Reserve Bank of Australia (RBA) Governor Michele Bullock stated earlier Thursday that CPI was a little higher than expected, but about where we thought it&#8217;d be<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Key quotes<\/strong><\/h2>\n<blockquote>\n<p>\u201cThe CPI was a little higher than we expected.\u201d<\/p>\n<p>\u201cBut CPI was about where we thought it would come.\u201d<\/p>\n<p>\u201cGoods prices coming down, but services inflation remains persistent.\u201d<\/p>\n<p>\u201cServices inflation is higher than what we are comfortable with.\u201d<\/p>\n<p>\u201cWill have to build this into our forecasts.\u201d<\/p>\n<p>\u201cThe longer inflation remains outside target band the more likely inflation expectations change.\u201d<\/p>\n<p>\u201cRBA has always had a low tolerance for inflation.\u201d<\/p>\n<p>\u201cRBA aims to slow the economy without tipping it into recession.\u201d<\/p>\n<\/blockquote>\n<h2 class=\"fxs_headline_medium\"><strong>Market reaction<\/strong><\/h2>\n<p>The Australian Dollar (AUD) faces some selling pressure following the RBA Governor Bullock speech. At the press time, the AUD\/USD pair is losing 0.31% on the day to trade at 0.6289.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Reserve Bank of Australia (RBA) Governor Michele Bullock stated earlier Thursday that CPI was a little higher than expected, but about where we thought it&#8217;d be Key quotes \u201cThe CPI was a little higher than we expected.\u201d \u201cBut CPI was about where we thought it would come.\u201d \u201cGoods prices coming down, but services [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":28468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[691,201,248,251,246,257,255,250,333,252,247,253,378,249,256,254],"class_list":["post-181161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-australia","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-rba","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=181161"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181161\/revisions"}],"predecessor-version":[{"id":181162,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181161\/revisions\/181162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/28468"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=181161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=181161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=181161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}