Inflation in the US.
The consumer price index increased 0.2% in February, according to a report by the Office of Labor Statistics on Wednesday morning. The expectations were 0.3% and the January rhythm was 0.5%. About a year after year, the main CPI was higher by 2.8% compared to forecasts for 2.9% and 3.0% in January.
The central ICC, which excludes food and energy costs, increased 0.2% in February against forecasts for 0.3% and 0.4% January. About a year after year, the CPI Central was executing 3.1% versus expectations for 3.2% and 3.3% of January.
The price of Bitcoin (BTC) increased more than 1% to $ 84,100 in the minutes after the data. Verifying traditional markets, Nasdaq 100 future added to an earlier advance, now higher by 1.5%. The bonds, the dollar and the gold remained little changed.
A few difficult weeks have passed for the markets, crypto among them, since the previously cheerful prices were perforated by the fears of economic deceleration induced by the rate. In addition to these concerns, inflation has remained stubbornly well north of the objective of 2% of the Fed, questioning whether the Central Bank could even relieve politics to combat any slowness. After another day of inactivity yesterday, the S&P 500 was lower by approximately 10% during the past month. Bitcoin at a time earlier this week had fallen approximately 30% of its record record of $ 109,000 headdresses just before the opening of President Trump President.
Before today’s report, interest rates merchants had a 40% chance price of a May FED rate and a probability of 85% of one or more feat cuts for the June meeting.
Looking to the future, the Price Index of the Producer of Thursday (PPI) could continue to confute or refute the news ROM today, providing more information about the direction of inflation and the possible feat cuts of the Fed.
