US CPI Cools, Bitcoin Surges
This is a US news story, published by CoinGape, that relates primarily to the US Central Bank news.
US news
For more US news, you can click here:
more US newsNews about inflation
For more inflation news, you can click here:
more inflation newsCoinGape news
For more news from CoinGape, you can click here:
more news from CoinGapeAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about inflation, you might also like this article about
US CPI inflation. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest US CPI news, US CPI Cools news, news about inflation, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
CPI inflationCoinGape
•Business
Business & Economics
Breaking: Bitcoin Price Eyes Massive Breakout As US CPI Raises Fed Rate Cut Bets
63% Informative
US CPI inflation comes in at 2.4% , down from the market expectations of 2.6% .
Bitcoin price jumped nearly 8% following the release, indicating growing investors' confidence.
Core CPI, which excludes food and energy prices, was at 0.1% in March , down from 0.2% recorded in the prior month .
Year-over-year figure cools to 2.8% from 3.1% , while inflationary pressure cools from 3% in February .
This is one of the most crucial economic data that the US Central Bank considers for their monetary policy.