The leading cryptocurrency Bitcoin (BTC) has been on a bumpy path lately and is struggling to hold onto the $60,000 mark.
While experts are waiting for the CPI data and the FED interest rate decision to be announced in November for the increase, 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 2.3% – Previous 2.5%
Consumer Price Index Monthly: Announced 0.2%– Expected 0.1% – Previous 0.2%
Core Consumer Price Index Annual: Announced 3.3% – Expected 3.2% – Previous 3.2%
Core Consumer Price Index Monthly: Announced 0.3%– Expected 0.2%– Previous 0.3%
The consumer price index is an important variable used to measure consumer purchasing trends and U.S. inflation changes.
Bitcoin's First Reaction After CPI Data!
*This is not investment advice.