US CPI DATA
US CPI data came in as expected. The August 12 report showed YoY inflation at 3.4%, exactly in line with the forecast, and slightly down from the previous 3.5%. While not a huge change, the signs of a gradual decline in inflation are worth keeping an eye on. Now the real question will be how the Fed views this data and how much of an impact it will have on rate-cut expectations and the crypto market.
US CPI data came in as expected. The August 12 report showed YoY inflation at 3.4%, exactly in line with the forecast, and slightly down from the previous 3.5%. While not a huge change, the signs of a gradual decline in inflation are worth keeping an eye on. Now the real question will be how the Fed views this data and how much of an impact it will have on rate-cut expectations and the crypto market.