US Inflation Falls, Exceeding Pessimistic Market Expectations
The Consumer Price Index (CPI) in the United States (US) slowed to 3.1% in February. This surpassed the pessimistic expectations of market players amid the threat of tariffs from US President Donald Trump.
However, there are indications that several factors could cause inflation to rise again. Overall, Trump's policy uncertainty regarding the imposition of tariffs raises concerns about the economy as a whole.
Additionally, the Federal Reserve is also affected by the actions of the Trump administration. This has led to speculation that the Fed will cut interest rates faster than previously expected.
The price of Bitcoin closed up 3.53% at US$84 thousand following the announcement.
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Image Source: Bloomberg
