US President Donald Trump announced yesterday that he was suspending tariffs for most countries as the tariff war with China intensifies day by day.
This move from Trump brought an increase for Bitcoin and altcoins, with BTC rising above $82,000.
Although there is a relief in BTC and altcoins, investors continue to be cautious against a possible decline, and today the critical inflation data that the FED attaches importance to for its interest rate decision was announced.
Here is the data disclosed:
Consumer Price Index Annual: Announced 2.4% – Expected 2.5% – Previous 2.8%
Consumer Price Index Monthly: Announced -0.1% – Expected 0.1% – Previous 0.2%
Core Consumer Price Index Annual: Announced 2.8% – Expected 3.0% – Previous 3.1%
Core Consumer Price Index Monthly: Announced 0.1%– Expected 0.3%– Previous 0.2%
The consumer price index is a key variable used to measure consumer purchasing trends and US inflation change. According to The Kobeissi Letter, with the latest data, core CPI inflation in the US fell below 3.0% for the first time since March 2021.
Bitcoin's First Reaction After CPI Data!
*This is not investment advice.
