Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print
Major U.S. equity indices closed the day lower as faster CPI reading for March, will BTC was up 1%.
Binary trading platforms with better performance and payouts
CPI
Major U.S. equity indices closed the day lower as faster CPI reading for March, will BTC was up 1%.
Since early 2022, the Federal Reserve has taken a hawkish approach to the United States economy. Thus, it has implemented … Continue reading
The post Is the Fed’s anti-inflation policy working? appeared first on Finbold.
The CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.
The U.S. government tomorrow will report on October inflation data.
Crypto exchange FTX got court approval to sell part of its $3.4 billion digital asset holdings.
Modest Consumer Price Index (CPI) numbers mean that the chance of another rate hike is dwindling.