US CPI Data Released: This Is How Bitcoin and Crypto Market Could React!

Quick Summary:

Consumer Price Index (CPI) report for October is released today at 13:30 GMT by the Bureau of Labor Statistics (BLS).

This report holds significant implications for the Federal Reserve’s (Fed) monetary policy outlook and the value of the U.S.Dollar (USD).  Economists surveyed by FactSet anticipated a 2.

The monthly CPI and core CPI were forecasted to rise 0.2% and 0.3%, respectively, matching last month’s pace.

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Article Details

Author / Journalist: Shrishesh Tanksalkar

Category: Crypto

Markets: United States

Topics: Crypto news News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 13:33:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 281 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 23571480

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