Odaily Planet Daily News: In recent months, the trends of Bitcoin and gold have diverged. While Bitcoin prices have fallen, gold prices are soaring. As the CEO of a US bank issued a warning about risks in the cryptocurrency market, traders are on high alert. It is expected that the inflation data released this week will be higher than expected, which could trigger warnings of an “unprecedented stagflation.” According to reports, economists at Barclays and Morgan Stanley have raised their forecasts for the December US Personal Consumption Expenditures Price Index (PCE), which will be announced on Thursday, to 2.8% and 2.9%, respectively. This data may once again raise concerns about the so-called “stagflation,” characterized by sluggish economic growth and soaring prices. (Forbes)
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