Consumer Price Index
U.S. CPI Rose Softer Than Expected 0.3% in September; Bitcoin Adds to Gains
The better than hoped inflation data cements market anticipation that the Fed is on track for rate cuts at its final two meetings of the year.
U.S. CPI Rose Softer Than Expected 0.1% in May, Sending Bitcoin Higher
The core rate rose just 0.1% as well, far less than the 0.3% forecast.
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.
