Inflation Data Incoming, Oryen Network Helps Hedge Against These Kinds Of Currency Crisis

cryptonews.com:

The September Inflation Report suggests that prices are rising faster than expected, rattling investors and markets. The Consumer Price Index (or short CPI) rose 8.2 percent this year and through September, which puts extra pressure on retail customers that have to pay for costly food, rent, and other items.

The freshly released data on Thursday shows a more accelerated inflation rate than experts forecasted, with critical metrics rising to 40-year highs. Overall this can be considered the worst possible news for the Federal Reserve Bank, which has to balance inflation versus destroying the U.S. economy.

Internationally, the United Nations has already called on the FED to stop rate hikes to ease the global economy's burden. Still, upon this bad news, this might not be a viable route anymore. While the September rate is 0.1 under August's, it is still insanely high. However, including numbers like fuel or food, which are often excluded from inflation numbers, we can see an alarming increase of 0.4% compared to August.

According to Blerina Uruci, a U.S. economist, these numbers are very troubling and bode nothing good for the next rate hike, which indicates a three-quarter point move next month.

Amidst all the troubling news and rattled markets, investors increasingly turn to assets such as cryptocurrencies to hedge against inflation rates and increasing living costs.

While established altcoins are already part of many portfolios, newcomers with utility-rich use cases like Oryen Network are among the top choices of analysts.

The main reason for the recommendation badge lies in the unique auto-staking and auto-compounding utility, which opens ORY up for masses of retail investors that do not want to interact with complex staking