Breaking: US CPI Inflation Eases To 2.5%, Is A Stock & Crypto Rally Ahead?

Quick Summary:

The US Consumer Price Index (CPI) data showed that the inflation has cooled to 2.6% in August, down from the market expectations.

The much-awaited inflation is one of the crucial metrics that the US Federal Reserve gauges while deciding the policy rate plans.

Simultaneously, the Core CPI inflation, which excludes the food and energy prices, came in at 0.3%, following a 0.2% surge in July.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Fed rate cuts Bitcoin (BTC) Price US CPI Stock Market 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 12:38:13 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 221 words

Reading Time: 2 minutes read

Sentences: 47 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22459876

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