XRP (CRYPTO: XRP) Is Up Almost 400% Since the Presidential Election

Ever since the presidential election in November, XRP (CRYPTO: XRP) has been on an absolute rocket ship. At its current price of $2.39, XRP is up almost 400%

Rising food prices are part of a broader pattern of inflation in the U.S. economy. Consumer prices rose 4.9% in April from a year earlier, the Labor Department said Friday. Economists polled by Dow Jones had forecast a 4.4% increase in the consumer price index.

Rising food prices are part of a broader pattern of inflation in the U.S. economy. Consumer prices rose 4.9% in April from a year earlier, the Labor Department said Friday. Economists polled by Dow Jones had forecast a 4.4% increase in the consumer price index.

Compared to March, the CPI increased 0.4%, in line with expectations. Food prices rose 0.7% for the month, while energy prices fell 0.8%.

Compared to March, the CPI increased 0.4%, in line with expectations. Food prices rose 0.7% for the month, while energy prices fell 0.8%.

Excluding volatile food and energy components, the core CPI rose 0.4% for the month and 3.8% from April 2024, both better than the 0.3% and 4% economists had anticipated.

Excluding volatile food and energy components, the core CPI rose 0.4% for the month and 3.8% from April 2024, both better than the 0.3% and 4% economists had anticipated.

The report showed that services prices rose 0.6% for the month and 6.3% from April 2024. Economists had expected a 0.5% rise and 5.9% year-over-year increase.

The report showed that services prices rose 0.6% for the month and 6.3% from April 2024. Economists had expected a 0.5% rise and 5.9% year-over-year increase.

The report showed that commodity prices fell 1.2% for the month and are now down 1.3% from April 2024. Economists had expected a 0.8% decline and a 0.4% year-over-year decrease.

The report showed that commodity prices fell 1.2% for the month and are now down 1.3% from April 2024. Economists had expected a 0.8% decline and a 0.4% year-over-year decrease.

The new report showed that despite some signs of slowing inflation in recent months, the process of returning to the Federal Reserve’s 2% inflation target may still have a long way to go.

The new report showed that despite some signs of slowing inflation in recent months, the process of returning to the Federal Reserve’s 2% inflation target may still have a long way to go.

“Inflation is now running at 4.9%, down from 5% in March and the lowest reading since November 2021,” said Mike Plansky, chief economist at Plansky LLC. “This puts the annual inflation rate in the 4.5% to 5% range that we’ve been expecting for some time now.”

“Inflation is now running at 4.9%, down from 5% in March and the lowest reading since November 2021,” said Mike Plansky, chief economist at Plansky LLC. “This puts the annual inflation rate in the 4.5% to 5% range that we’ve been expecting for some time now.”

He added that core inflation also came in a bit lower than expected, at 3.8% year-over-year, but is still “uncomfortably high.”

He added that core inflation also came in a bit lower than expected, at 3.8% year-over-year, but is still “uncomfortably high.”

“We expect to see core inflation gradually decline over the coming months as service price inflation moderates, and we’re now forecasting the Fed to begin cutting interest rates in early 2025.”

“We expect to see core inflation gradually decline over the coming months as service price inflation moderates, and we’re now forecasting the Fed to begin cutting interest rates in early 2025.”

After the report, Fed funds futures traders saw a nearly one-third chance that the central bank will raise interest rates by another quarter of a percentage point at its June meeting. At the March meeting, the Fed paused its rapid rate hike cycle, opting instead to keep rates in a range of 4.93% to 5.13%.

After the report, Fed funds futures traders saw a nearly one-third chance that the central bank will raise interest rates by another quarter of a percentage point at its June meeting. At the March meeting, the Fed paused its rapid rate hike cycle, opting instead to keep rates in a range of 4.93% to 5.13%.

After cutting rates from near zero in early 2022 to tame inflation that was running at a 40-year high last spring, markets now see a good chance that the Fed could begin cutting rates by the first quarter of 2025.

After cutting rates from near zero in early 2022 to tame inflation that was running at a 40-year high last spring, markets now see a good chance that the Fed could begin cutting rates by the first quarter of 2025.

The Labor Department will revise the March CPI reading next week.

The Labor Department will revise the March CPI reading next week.