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Consumer Price Index
Disappointing U.S. CPI Data Sends Bitcoin Tumbling Below $95K
Both the headline and core rates of inflation rose faster than expected in January.
Unexpected Decline in Core CPI Sends Bitcoin Price Higher
Bitcoin has been consolidating in a range 10%-15% below record highs as investors largely tempered expectations of further interest rate cuts.
U.S. September CPI Disappoints, Rising a Faster Than Expected 0.2%
Bitcoin fell, with the news likely to further raise the odds of a Fed pause at the its next policy meeting in November.
U.S. Core Inflation Rose 0.3% in August, Faster Than Anticipated
The price of bitcoin initially slipped following Wednesday morning's report.
Bitcoin Price Slides Below $60K on U.S. CPI Data
According to the U.S. Bureau of Labor Statistics, the Consumer Price Index rose 0.2% in July, up from a decline of 0.1% in June and against expectations for 0.2%. Bitcoin briefly surged above $61,000 in early Asian trading hours but the leading cryptocurrency retreated following the inflation data. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
U.S. CPI Rose 0.2% in July, Matching Expectations
Bitcoin continued with modest daily gains at $61,300 following the report.
U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K
Market participants became increasingly convinced that the Fed was going to trim rates at its September meeting following the report.
U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates.
Why Inflation Data Matters for the Price of Bitcoin
The year-on-year percentage change in the U.S. consumer price index from 2013 to date looks eerily similar to the 1970s, according to Game of Trades. If history is a guide, inflation may rebound in the coming months, boosting demand for perceived store-of-value assets. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
U.S. CPI Inflation Jumped to 3.7% in August, More Than Expected
Higher oil prices were behind the big rise in headline inflation last month.
