ProShares Inflation Expectations ETF (RINF)

The article discusses the recent volatility in the crypto and stock markets, with Bitcoin, Ethereum, and Dogecoin seeing a rise in prices. However, the article also notes concerns about consumer sentiment, inflation expectations, and the potential for a recession, which could negatively impact cryptocurrencies and equities.

The United States experienced a mild deflation in May, according to new data from the Bureau of Economic Analysis. Click to read.

As the Federal Reserve still holds onto its hawkish bias amid the still-elevated inflation, economists, including Paul Krugman, have been sounding out the need for increasing the central bank's inflation target. Inflation, though retreating from the levels in the summer of 2022, is still above the Fed’s target of 2%. What Happened: Krugman backed Harvard University professor Jason Furman's call for a 3% inflation target and said the rationale for a 2% target has been overtaken by a couple of decades' experience. The Nobel laureate shared his opinion in a post on X by quote-tweeting Furman's Wall Street Journal op-ed regarding the same. In the op-ed, Furman argued that doing away with the 2% inflation target formally introduced in 2012 and shifting to a higher target will cushion the economy against severe recessions. “When the economy slows, higher inflation means that price hikes and wage freezes can become a less unpalatable alternative to widespread layoffs for businesses looking to cut costs,” he said. A higher ...Full story available on Benzinga.com

The Federal Reserve's preferred inflation measure increased last month at its fastest clip since June.