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Trump Urges Powell to Lower Rates After Favorable CPI Data: How Will BTC’s Price React?


Trump Urges Powell to Lower Rates After Favorable CPI Data: How Will BTC’s Price React?

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US consumer price index rises 0.3% monthly and 2.7% annually, while core CPI increases 0.2% monthly and 2.6% annually. Both metrics fell short of expectations by 0.1%.

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Data from the US Bureau of Labor Statistics reported Tuesday that the consumer price index showed a minor increase of 0.3% on a monthly basis and 2.7% annually.

The core CPI, though, which excludes more volatile sectors like food and energy, was slightly better, with a rise of 0.2% monthly and 2.6% annually. Both indices were 0.1% below expectations.

Read the article at CryptoPotato

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$ 64.32K

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