US CPI Data Drives Bitcoin Surge, Market Eyes Upcoming Fed Moves

Quick Summary:

The release of the December 2024 US Consumer Price Index (CPI) data has sparked significant attention in both economic and crypto markets.The CPI revealed a 2.9% annual inflation rate, reflecting a 0.2% increase from November’s 2.7%.

This marks the third consecutive monthly rise, aligning with market expectations.

However, the YoY Core CPI unexpectedly dropped to 3.2%, diverging from the prior month’s 3.3% level.

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Article Details

Author / Journalist: Ashfaq

Category: Crypto

Markets: United Arab Emirates

Topics: Bitcoin Altcoin Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 17:26:05 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 272 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 25183259

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 34 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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