#cpi
📈 Inflation Shock and Bitcoin Reaction: March US CPI Data Released
Today's US Consumer Price Index (CPI) data for March confirmed analysts' fears: inflation is gaining momentum against the backdrop of geopolitical instability.
📊 Key figures:
• Headline CPI (mom): Up 0.9%. This significant jump remained with February's 0.3%.
• Core CPI (year-on-year): Made 2.6% (you came in slightly below the forecast of 2.7%).
• Main driver: Energy sector. Prices soared on the second due to the full-scale conflict between the US and Iran.
What about Bitcoin?
Despite the "hot" data, $BTC is showing resilience. Before the publication, activity was fixed at $72,000 and, with local volatility, trading continues above this level.
🏛 Fed Position
These figures actually confirm something Jerome Powell has been saying for a long time: a cut in interest rates in the coming months is unlikely. The market is preparing for a period of prolonged high rates, after the fight against inflation becomes priority number one.
