The Core Price Index, which excludes more volatile goods such as the cost of food or energy also pointed to an unusually high variation of 4.5 %. The price of food and energy, which accumulated a monthly increase of 0.9 %, has been felt in July's measurements
Inflation is running at records high, still George Selgin is sckeptical that this number should raise alarms. For now
"If Covid continues to be brought under control, as result of vaccinations, you are going to see the economies opening up, demand increasing which is going to push the price of fuel up"
"For people investing in Bitcoin, the appeal is just that: it's not backed by a central government."
Jim Strader, a spokesperson for the Federal Reserve Bank of Richmond, reported that the Federal Reserve's payment system, which allows electronic money transfers, crashed due to an operational error.
Many states, such as California and New York, have lifted the restrictions, which has allowed the return of activities in several sectors. Other states, such as those in the south, did not impose restrictions on mobility, thus avoiding a major impact on the local economy.