United States Bureau of Labor Statistics has published Consumer Price Index (CPI), which shows a rise of 0.9% from one month to the next in CPI headline inflation.
According to BLS, CPI inflation has increased by 3.3% in the past year. report Published on Friday. The inflation rate was slightly less than analysts predicted. expectationsInflation remains above Federal Reserve’s target of 2%.
A surge in energy prices from the Iran war Energy index rose nearly 11% in March, fueled by a 21.22% rise. rise in gasoline pricesBLS Report said.
Management of inflation falls under the dual Federal Reserve mandates of maximum employment and price stability, both of which influence its interest rate decisions and wider monetary policy.
BitcoinBTCPrices of cryptocurrencies and e-currencies are increasing. impacted by interest rate policyLower interest rates stimulate asset prices through the expansion of credit flowing into financial markets, while higher rates limit capital flow and asset price.
Related: Bitcoin steadies after PCE inflation data, $80K target remains
Investors do not expect any interest rate cut at the Fed’s April meeting
According to CME Group’s FedWatch, investors predict a zero percent chance that the Federal Open Market Committee will cut interest rates at its meeting in April. tool.
The odds of the FOMC keeping rates at current levels are 99.4%. The odds of a rate cut increasing only gradually throughout the year.
FOMC Members divided on further rate cuts In 2026 rate increases are not ruled out due to rising inflation pressures caused by the war.
Bitcoin rises on latest CPI print
Bitcoin price (BTCThe % of the grew by more than 1.5% in Friday. briefly tapping the $73,000 level The latest CPI is available.
“The $73,000–$75,000 zone is our next major target,” Matt Mena said he is the senior strategist and crypto researcher at 21shares.
“If BTC clears this, expect a brief period of sideways consolidation before a test of $80,000. Should the Clarity Act pass, the stage is set for $100,000 BTC and a $3 trillion–$3.2 trillion total crypto market cap by the end of Q2,” He added.
Magazine: Big Questions: Can Bitcoin save you from the dreaded Cantillon Effect?
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Source: cointelegraph.com
