Inflation Surges, Core Stays Cool
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. inflation accelerated in March, with the Consumer Price Index rising 0.9% month-over-month, matching forecasts. Year-over-year, prices increased 3.3%, driven by surging energy costs due to Middle East tensions. Core inflation, excluding food and energy, was cooler than expected at 0.2% monthly and 2.6% annually. Markets remained calm, but bitcoin rose to $72,400 post-report. The real focus is on oil prices and their impact on Fed policy, with traders now expecting steady rates despite earlier predictions of multiple cuts.
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