Cryptocurrency Markets: A Look at the Latest Price Changes

Edison Corwin
1 mins

Cryptocurrency markets saw some major price movements on October 7, 2022. Here's a look at how these latest changes fit into the larger picture.

Price Point: The Place to Find the Best Deals on Electronics

The CoinDesk Market Index shows the average price of Bitcoin across major exchanges.

Chart of the Day: A Look at How Americans Spend Their Time

The chart shows the Fed's preferred measure of inflation, the core personal consumption expenditure or core PCE, is closely tied to wage growth. (Nordea)
As the chart indicates, the Federal Reserve's preferred measure of inflation (the core personal consumption expenditure or core PCE) is closely linked to wage growth. This is an important relationship to watch, as it can help to predict future inflationary trends.
  • The headline nonfarm payrolls (NFP) report is expected to slow down, but this may not be enough to ease risks unless there is also a significant slowdown in average hourly earnings.

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