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#USCoreCPIHitsFour-YearLow
America has released the Core CPI data, and inflation has fallen to the lowest level (lowest level) in 4 years.
Core CPI: 2.5% (Lowest since March 2021)
Overall CPI: 2.4% (Better than forecast)
This decrease in inflation has created positive expectations in the market that the Federal Reserve may soon cut interest rates (rate cuts). This could impact both the stock market and the crypto market.
Should I write a short summary explaining whether this data has a bullish or bearish impact (Bullish or Bearish) on the crypto market?
US Inflation Trends
This video is relevant because Bloomberg experts explain how US Core CPI inflation has fallen to a 4-year low and what impact this will have on the economy.