Financial Markets Tense as Inflation Rise Suggests US Central Bank May Keep Rates Steady

Financial Markets Tense as Inflation Rise Suggests US Central Bank May Keep Rates SteadyThe U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in the benchmark federal funds rate. Persistent Inflation Pressures Fed, Leaving […]

Go to Source

Bitcoin Rebounds Above $50K After CPI Report Disappointment

The recent US Consumer Price Index (CPI) report came in higher than expected, with a 3.1% increase instead of the anticipated 2.9%. This unexpected inflation figure triggered a market sell-off, causing both crypto and equities to bleed. Bitcoin, which had breached the $50K mark, fell back below $49K in response to the disappointing CPI report. 📉 On a 12-month basis, the US #CPI report was anticipated to come in at 2.9%. Instead, the result of 3.1% came in today, which has caused market cap bleeding in both #crypto and #equities. With #Bitcoin falling back below $49K today after breaching $50K

The post Bitcoin Rebounds Above $50K After CPI Report Disappointment appeared first on The Merkle News.

Go to Source

CPI Report Triggers Market Tumble: Stocks and Crypto Decline as Inflation Concerns Mount

CPI Report Triggers Market Tumble: Stocks and Crypto Decline as Inflation Concerns MountOn Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks. Stocks Dip, Crypto Slumps as January CPI Data […]

Go to Source