đ„ US Inflation Data Released: Initial Reactions of Bitcoin and Dollar
đŻ The eagerly anticipated US inflation data has been released, providing crucial insight ahead of next week's Federal Reserve interest rate decision. The Consumer Price Index (CPI) annual rate came in at 2.5%, meeting expectations and showing a decrease from the previous 2.9%. The monthly CPI aligned with forecasts at 0.2%.
đž Bitcoin $BTC , which has been struggling to maintain the $60,000 level recently, and the US Dollar Index (DXY) are being closely watched for their initial reactions to this data. The Core #CPI_DATA which excludes volatile food and energy prices, remained steady at 3.2% annually but showed a slight increase monthly at 0.3%, above the expected 0.2%. These figures are key indicators for the Fed's upcoming interest rate decision and could significantly impact both cryptocurrency and traditional financial markets.
