US inflation falls to 2.5%, lower than expectations (2.6%) 👍
• CPI (MoM) increased by 0.2%, matching both estimates and the previous month’s figure.
• Core CPI (MoM) rose by 0.3%, slightly higher than the 0.2% forecast.
• Core CPI (YoY) remained steady at 3.2%, in line with both the estimate and the previous reading.
The crypto market is reacting with a dump, apparently speculators want the Fed to lower the rate by 0.5% and today's data is not conducive to that 🤔
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