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CryptoWorld News reports that the latest U.S. Consumer Price Index (CPI) shows a year-over-year increase of 4.2%, in line with expectations. At the same time, the core CPI (excluding food and energy prices) rose 2.9% year-over-year, also meeting expectations. This data will have a significant impact on market expectations and the Federal Reserve's monetary policy.

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MempoolMaggie
· 1h ago
Core CPI at 2.9% still has a gap from the 2% target, and Powell's tough talk will need to continue.
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SilverLiningOfPessimism
· 3h ago
In line with expectations = No market movement, retail investors stayed up all night again.
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CandleWickPoet
· 3h ago
CPI meets expectations, and the market should breathe a sigh of relief, but the Federal Reserve's rate cut will probably have to wait.
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LightsInTheMistyValley
· 4h ago
The data is not surprising, and the crypto market's reaction is lukewarm.
Let's wait until the US stock market opens tonight to see how the funds move.
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GateUser-dcb4d0d5
· 4h ago
4.2% year-over-year, this number looks familiar, it was about the same around this time last year. The core 2.9% is the key, indicating sticky inflation is still present.
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