BizwavemediaPersonal Finance and Crypto Updates

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US inflation climbed to 2.9% in August 2025, reaching its highest level since January of the same year, according to Consumer Price Index data released today.

The increase follows two months of steady 2.9% readings in June and July 2025, matching economists’ expectations of accelerating price growth.

The current rate exceeds the Federal Reserve’s 2% long-term inflation target, highlighting ongoing challenges in price stabilization after inflation peaked above 9% in 2022.

While US inflation maintained an average of 2.5% annually from 2010 to 2020, the early 2020s saw a surge driven by supply chain disruptions and stimulus spending. The latest reading mirrors levels observed in early 2025, suggesting persistent inflationary pressures.

The S&P 500 has historically dropped between 1% and 2% on days when inflation data exceeds expectations, as markets price in potential monetary policy tightening.

The elevated inflation rate indicates faster price increases for consumer goods and services compared to recent months, potentially affecting household spending and the Federal Reserve’s interest rate decisions.

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Broadcom led a rally in semiconductor stocks today as the chip sector posted strong gains during Wednesday trading.

The stock’s performance helped drive broader momentum across chip companies, with the sector showing notable strength in the session. Broadcom’s shares paced the advance among semiconductor names as investors responded positively to the company’s movement.

The chip sector’s rally came as technology stocks found support, with Broadcom emerging as a standout performer among its peers in the semiconductor space.

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US producer prices fell 0.1% in August compared to the previous month, missing economists’ expectations of a 0.3% increase and marking a sharp reversal from July’s 0.9% gain.

The Producer Price Index decline suggests inflationary pressures at the wholesale level may be easing, providing potential relief for businesses and consumers downstream. The August reading represents the first monthly decrease in producer prices since earlier this year.

The weaker-than-expected data could influence Federal Reserve policy decisions as officials continue to monitor inflation trends across the economy.

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Bitcoin’s short-term correlation with gold has turned negative, reaching -0.53 over a 30-day period, according to data from blockchain analytics firm Glassnode.

The shift marks a departure from Bitcoin’s longer-term relationship with the precious metal, which remains modestly positive at 0.65 over a 365-day timeframe.

The negative correlation indicates that Bitcoin and gold have been moving in opposite directions in recent weeks, contrasting with their historically similar price movements during periods of market uncertainty.

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Solana CME futures open interest reached a new all-time high of $1.5 billion today, extending record demand that began building after the launch of the first US Solana staking ETF.

The milestone represents continued growth from August, when open interest first crossed the $1.0 billion threshold. The surge in institutional interest follows the introduction of the staking exchange-traded fund, which marked a significant development for Solana-based investment products in the US market.

Open interest measures the total number of outstanding derivative contracts that have not been settled, serving as an indicator of market activity and institutional participation in Solana futures trading.

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Grayscale Investments filed an S-3 registration statement with securities regulators for a Litecoin exchange-traded fund.

The filing represents Grayscale’s effort to launch an ETF tracking the digital asset Litecoin, which ranks among the older crypto assets in the market. An S-3 form allows companies to register securities for public offering using a simplified process.

The move follows Grayscale’s pattern of pursuing ETF conversions and launches for various crypto assets beyond Bitcoin. The company has previously filed similar registration statements for other digital asset ETFs as part of its broader strategy to offer regulated investment products.

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JPMorgan expects the Federal Reserve to cut interest rates by 25 basis points in September despite lingering uncertainty around consumer price index data.

The bank projects August CPI at 2.9% year-over-year, with core CPI holding steady at 3.1% year-over-year. A higher-than-expected inflation reading could push rate cuts to October or December.

JPMorgan outlined potential market reactions to different CPI scenarios. Core CPI above 0.40% could cause the S&P 500 to drop 1.5% to 2.0%. A reading between 0.35% and 0.40% may trigger losses of 0.5% to 1.0%. Core CPI below 0.25% could lift the index 1.3% to 1.8%.

The bank maintains a tactically bullish stance while flagging risks from inflation, employment data, and trade developments.

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