October 11, 2022
Hello Bubble Riders! Today’s update is on the Consumer Price Index:
- The next CPI announcement is scheduled for Thursday October 13, 2022.
- The Dollar remains strong despite recent volatility. USDX (U.S. Dollar Index) had a positive change of 4% from September 13 to October 11.
- While BTC, IWM, SPY, QQQ, VNQ & ETH, all had a negative change on their CPI.
What this means is that the FED Interest rate hikes are affecting every main sector, apart from some commodities. This does not mean to hoard US Dollars, but that’s not the worst option. (The better option would be to yield-farm with us at YieldNodes!)
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