š„Bitcoin price remains stable after US inflation data š
Today, the Consumer Price Index (CPI) data was published, where it was revealed that the #inflaciĆ³n fell 2.5% in August, compared to 2.9% in July. These positive macroeconomic data from the United States failed to boost the price of #Bitcoin! .
According to the report from the US Bureau of Labor Statistics, the CPI (year-on-year) fell to 2.5% in August, slowing down from 2.9% in July and in line with expectations set at 2.5%.
With this latest data collected, the Federal Reserve (#FED ) will decide on the interest rate cut on September 18. According to the fedwatch tool, there is a change in bets of #mercado on the Federal Reserve's decision, where the majority expects a reduction in interest rates of 25 basis points.
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