Inflation Hits Above the Fed's Target 2%, According to the Motley Fool's Latest Research. 3 Reasons Cryptocurrency Investors Should Take Note.

The latest Consumer Price Index (CPI) report issued by the Board of Labor Statistics (BLS) shows prices up 2.7% year over year in June, a notch above May's 2.4% and, crucially, a few ticks above the Federal Reserve's 2% comfort zone that it prefers to maintain over the long term. As shown in the Motley Fool's latest research report on inflation, shelter appears to be the category that's running the hottest, with prices rising by 3.8% year over year.Why fret about this overshoot? Because the further the economy drifts from the Federal Reserve's 2% anchor, the more investors start looking for places where their dollars are less likely to melt.Cryptocurrencies sit high on that list. Here are three reasons why inflation is particularly important for crypto investors to understand.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool