quick take
- US headline inflation came in at 3.0% y/y, slightly below expectations of 3.1%. The previous figure was 4.0%, down 1% from the new data, the lowest level in two years.
- Core inflation stood at 4.8%, also slightly below expectations of 5.0% and 5.3% previously.
- according to Charlie BirelloThe US CPI fell for the 12th consecutive year in year-on-year inflation and is now at its lowest level since March 2021.
- Bitcoin Holds Just Below $31,000 As Inflation Falls Below Expectations
- As a result, US yields continue to fall, with the DXY heading towards a one-year low of 101.15.
This article first appeared on CryptoSlate with US inflation better than expected, bitcoin up 1%.
