RATE Group | Trump blasts bitcoin, Facebook’s Libra: Morning Brief
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Trump blasts bitcoin, Facebook’s Libra: Morning Brief

12 Jul Trump blasts bitcoin, Facebook’s Libra: Morning Brief

Posted at 12:07h in Bitcoin News by

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Friday, July 12, 2019

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WHAT TO WATCH

Market participants will receive a gauge on U.S. producer price changes on Friday, a day after Federal Reserve Chair Jerome Powell concluded testimony to Congress reiterating central bankers’ concerns of persistently below-target inflation.

The headline June producer price index (PPI) is expected to register as flat month-over-month according to consensus economists polled by Bloomberg, retreating from a 0.1% month-over-month increase in May. The primary PPI is expected to have risen 1.6% for the month over last year, slower than the 1.8% year-over-year increase in May.

PPI, excluding volatile food and energy prices, is anticipated to have risen 0.2% month-over-month in June, matching May’s pace. The index is expected to have risen just 2.1% over last year in June, which would mark the slowest pace since July 2017. May’s 2.3% year-over-year…

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