BlocksInform
For now, markets continue to expect the central bank to increase its federal reference funds rate by an additional 25 basis points in each of its next two meetings (March and May), followed by a break.
The January Consumer Price Index (CPI) rose 0.5% from 0.1% one month earlier, according to forecasts by economists.
However, year over year, inflation was slightly higher than expected, at a rate of 6.4 per cent in January, up from 6.5 per cent in December and against expectations of 6.2 per cent. In January, the benchmark year-over-year was faster than expected at 5.6% compared to 5.5% and down from 5.7% in the previous month.
The price of Bitcoin () fell over $100 within minutes of the news, trading at $21,770 at the time of the press. Equity index futures also fell slightly as nasdaq 100 fell 0.25%.
Traders are closely monitoring the continued high pace of inflation. Slowed down several months ago.
Slowed down several months ago.
