CPI beats expectations; Bitcoin trading over $30k
quick take
- March consumer price index was in line with expectations and forecasts
Core CPI YoY:
- Core CPI was 5.5% in February
- March forecast was 5.6%
- Core CPI in March was in line with expectations at 5.6%
CPI YoY:
- February consumer price index was 6%
- March forecast was 5.1%
- March CPI slightly below expectations at 5.0%
Bitcoin has responded favorably, currently trading at $30,300 at the time of writing.
Post CPI exceeded expectations. Bitcoin transactions above $30,000 first appeared on CryptoSlate.