US Inflation Update
The latest U.S. CPI data is now in focus. August inflation rose 0.4% month-over-month, while annual CPI remained at 3.4%. Core CPI, excluding food and energy, increased 0.3% monthly and 2.4% year-over-year.
Energy prices, especially gasoline, were a major driver of the monthly increase. The hotter core reading is also keeping attention on the Federal Reserve’s next interest-rate decision.
For crypto traders, CPI remains a key market-moving indicator. Higher inflation can support a stronger dollar and pressure risk assets, while softer inflation could improve sentiment toward Bitcoin and crypto.
What do you expect next?
#cpiwatch
The latest U.S. CPI data is now in focus. August inflation rose 0.4% month-over-month, while annual CPI remained at 3.4%. Core CPI, excluding food and energy, increased 0.3% monthly and 2.4% year-over-year.
Energy prices, especially gasoline, were a major driver of the monthly increase. The hotter core reading is also keeping attention on the Federal Reserve’s next interest-rate decision.
For crypto traders, CPI remains a key market-moving indicator. Higher inflation can support a stronger dollar and pressure risk assets, while softer inflation could improve sentiment toward Bitcoin and crypto.
What do you expect next?
#cpiwatch
