Forbes: Inflation Expectations May Be Revised Upward Again, Markets Brace for Declines in Gold and Bitcoin Prices

According to a report by Jinse Finance, Forbes published an analysis stating that in recent months, the trends of bitcoin and gold have diverged. While the price of bitcoin has fallen, the price of gold has soared. Previously, Trump threatened to impose tariffs on eight NATO allies unless Denmark agreed to a deal regarding Greenland. As the CEO of Bank of America issued a warning about risks in the cryptocurrency market, traders are on high alert, expecting that the inflation data to be released this week will exceed expectations, which has triggered warnings of "unprecedented stagflation." It is reported that economists from Barclays and Morgan Stanley have raised their forecasts for the U.S. Personal Consumption Expenditures Price Index (PCE) for December, which will be released on Thursday, to 2.8% and 2.9% respectively. This data may once again spark concerns about so-called "stagflation," where economic growth is sluggish while prices soar.