After #US inflation data: Will we witness a rally in the crypto market?
#_Themarket was eagerly awaiting #USinflation data. Which could pave the way for future interest rate hikes by the US Federal Reserve. At the same time, the latest data appears to have boosted market participants' confidence. Especially in the cryptocurrency market, as evidenced by the positive momentum in the industry. So, let's take a look at the latest inflation data and how the market is reacting to it. Core inflation in the United States reaches 3.9% Inflation in the United States reached . As shown by the annual change in the personal consumption expenditures price index. 3.5% in August. The rise in the $$personal consumption expenditures index was in line with market expectations. It is worth noting that the US Bureau of Economic Analysis issued these data. This reflects a slight increase from the previous month by 3.4%.
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