Last minute! US Inflation Data Announced! Here Is The First Response Of Bitcoin And The Dollar

Inflation data, which directly affects the markets in the USA, has been announced. Here is the Data:

• Consumer Price Index (MoM): Disclosed: 0.1% – expected 0.2%
• Consumer price index (YoY): Disclosed: 5% – expected: 5.2%
• Core consumer price index (MoM): Disclosed: 0.4% – expected: 0.4%
• Core consumer price index (YoY): Announced: 5.6% – expected: 5.6%

Bitcoin and Dollar’s Initial Reaction

After the announced data, the first reaction of Bitcoin and dollar index is as follows:

The fact that the inflation is below the expectations looks very positive for the markets. Because the data that the FED takes into account while increasing the interest rates is known as inflation data.

Following the inflation data, at the FED meeting on May 3, the probability of a 25 basis point rate hike increased to 66.8%, while the probability of keeping it constant increased to 33.2.