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on stock exchanges. the approval of the bitcoin exchange traded funds, or etfs, is seen by supporters as a watershed for crypto, giving it financial respectability and mainstream acceptance on wall street, after a string of controversies. erin delmore reports from new york. this decision was years in the making and now it will allow people and institutions to invest in bitcoin almost as easily as they buy stocks. the move could increase demand for bitcoin and legitimacy for the crypto currency industry, which has weathered scandal and scepticism. sec chair did not shy away from that in a statement saying, while we approve the listing and trading of certain ept spot bitcoin shares today, we did not approve or endorse bitcoin. he said investors should remain caution about the risks associated with bitcoin and said the crypto currency is, primarily a speculative volatile asset. while investors and crypto watchers awaited the decision, a false tweet was posted on the sec of ....
Hours later in the us. what is it going to show us today? we are it going to show us today? - are expecting a modest rebound in inflation december, up zero x 2% after two consecutive months of flat readings in the us and that will be enough to put that headline inflation number up to 3.3% from 3 .1% in november. the good news for the markets and for the fed is that the core measure inflation can take out food and energy we expect that to be up only zero x 2% as well and that will be enough to bring that core measure of inflation down to probably something like 3.8% from 4%. still not at the fed target of 2% but moving in that direction. the number is going to be a pretty mixed bag overall. we think we will continue to see downward pressure on things like goods prices, raw commodity prices and of course energy and ....