(Bloomberg) -- Gold fell after a key economic report showed underlying US inflation unexpectedly picked up in August as housing costs accelerated, lowering the possibility of an outsize Federal Reserve interest-rate cut next week.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025For Tenants, AI-Powered Screening Can Be a New Barrier to HousingUC Berkeley
Core US Inflation Picks Up, Damping Odds of Outsize Fed Cut
(Bloomberg) -- Sign up for the Economics Daily newsletter to discover what's driving the global economy.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025For Tenants, AI-Powered Screening Can Be a New Barrier to HousingUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusUnderlying US inflation unexpectedly picked up in August on higher price
Inflation: Consumer prices rise at slowest pace since early 2021
The Consumer Price Index (CPI) increased 2.5% over the prior year in August, a deceleration from July's 2.9% annual gain in prices.
Binance.US Chooses Fireblocks to Bolster Crypto Custody, Staking Services
The exchange will use Fireblocks to power custody operations, customer deposits and withdrawals, and further expand staking services.
Osmosis Launches Cross-Chain Token Portal 'Polaris,' Expanding Beyond Cosmos Roots
Polaris is described as a "token portal" aimed at solving one of decentralized finance's biggest challenges: fragmented user experience.
U.S. Core Inflation Rose 0.3% in August, Faster Than Anticipated
The price of bitcoin initially slipped following Wednesday morning's report.
Doors Open at Prometheum as Much-Disputed Firm Tests Crypto Tokens as Securities
The controversial company is open for custody of digital securities, adding Optimism and The Graph to its list, though most of the industry disagrees on securities labels for...
A Bitcoin Chart That Offers Hope to Battered Crypto Bulls
Bitcoin's price action since late April seems to have bullish undertones.
EU Regulator Sees Official Journal Publication of Stablecoin Standards Before Year-End
The European Banking Authority estimates that 15 technical standards, including those for stablecoin issuers, will become official before the end of 2024.
First Mover Americas: Bitcoin Drops Below $56.5K on Risk-Off Day
The latest price moves in crypto markets in context for Sept. 11, 2024.