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CPI data will positively impact Bitcoin price
Inflation in the United States continues to decline, supporting the prospect of interest rate cuts, creating favorable conditions for Bitcoin and other cryptocurrencies.
The Consumer Price Index (CPI) rose 2.4% in September, the lowest since February 2021, and just above the 2.3% forecast, the Bureau of Labor Statistics reported on October 10. September inflation eased from August's 2.5%, while the rate peaked at 9.1% in June 2022.
The Consumer Price Index (CPI) rose 2.4% in September, the lowest since February 2021, and just above the 2.3% forecast, the Bureau of Labor Statistics reported on October 10. September inflation eased from August's 2.5%, while the rate peaked at 9.1% in June 2022.
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The Dow Jones index has reached a new high.
Goldman Sachs bank believes that the Fed has no way back, they can only continue the path of interest rate reduction, and the inflation rate is close to 2%.#giamlaisuat #Fed. #Write2Win #BinanceTurns7 #AirdropGuide
Goldman Sachs bank believes that the Fed has no way back, they can only continue the path of interest rate reduction, and the inflation rate is close to 2%.#giamlaisuat #Fed. #Write2Win #BinanceTurns7 #AirdropGuide
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