Inflation Declines, Experts Expect Gradual Fed Response

Inflation in the United States has shown signs of a slight decline, with consumer price increases gradually declining.

As of the 12th of October, the September increase in consumer prices was 0.4%, compared to 0.6% in August.

The annual inflation rate, however, remained unchanged at 3.7%. Focusing on core prices, which exclude volatile costs such as food and energy, the year-over-year increase was 4.1%, a decrease from August’s rate of 4.3%. This is the smallest increase seen in the past two years.

Despite these changes, monthly price increases exceed the Federal Reserve’s 2% target. Experts believe these inflation figures will have little impact on the Federal Reserve’s outlook, as a gradual decline in inflation is anticipated.

In addition, the president of the Chicago Fed, Austan Goolsbee, expressed confidence in the declining inflation trend, suggesting that the current state is not a temporary anomaly.

Officials of the Federal Reserve continue to debate whether further adjustments to the benchmark policy rate will be required this year.

This is not the first time in the past month that Kiyosaki has used his platform to highlight Bitcoin. In a series of September blog posts, he discussed hyperinflation, emphasizing that it diminishes the purchasing power of money.

He advised his audience to invest in gold, silver, and Bitcoin.

In a separate post, Kiyosaki cautioned about the imminent arrival of central bank digital currencies (CBDCs) and the potential privacy risks they may pose.

Once CBDCs dominate the market, he speculates that traditional assets and cash could become priceless.

Not every one of his Bitcoin positions is bullish. According to reports, Kiyosaki commented on Citibank’s announcement of offering blockchain technology to convert institutional savings into tokens for swift cross-border transactions, raising questions about the future of Bitcoin and the U.S. dollar.