The leading cryptocurrency Bitcoin (BTC) rose to $110,000 due to the second round of talks between the US and China. While the rise in Bitcoin is expected to continue, critical inflation data that the FED attaches importance to for its interest rate decision was announced today.
Consumer Price Index Annual: Announced 2.4% – Expected 2.5% – Previous 2.3%
Consumer Price Index Monthly: Announced 0.1% – Expected 0.2% – Previous 0.2%
Core Consumer Price Index Annual: Announced 2.8% – Expected 2.9% – Previous 2.8%
Core Consumer Price Index Monthly: Announced 0.1%– Expected 0.3%– Previous 0.2%
The consumer price index is a key variable used to measure consumer purchasing trends and U.S. inflation changes. According to The Kobeissi Letter, headline CPI inflation is on the rise again for the first time since January 2025. At this point, the probability that the Fed will cut interest rates next week has dropped to 0%.
*This is not investment advice.
Continue Reading: BREAKING! US Inflation Data Released! What Was Bitcoin (BTC)’s First Reaction?
Go to Source
Author: NixCoin
Sui blockchain is preparing to introduce its own U.S. dollar-pegged stablecoin, called USDsui, as stablecoins…
Coinbase, one of the world’s largest cryptocurrency exchanges, has named Liz Martin as its new…
Alchemy Pay, the fiat-to-crypto payments gateway, announced on Wednesday that it has entered a partnership…
Cache Wallet, a popular non-custodial crypto wallet provider, has partnered with Zetarium, a BNB Chain-based…
Orexn, a decentralized crypto launch space for Web3 projects, has declared its groundbreaking collaboration with…
Crypto investors are learning that patience pays off. The market may experience daily surges and…
This website uses cookies.
Read More