CPI numbers is still showing inflationary pressures
Hi HODLers, Hiveans and Lions,
The CPI climbed to 3.2% YoY, compared to estimates of 3.1% and January’s 3.1%.
You can find the full report and methodology here.
With inflation remaining elevated while still in control, the FED is less likely to lower its interest rates in the near future. 99% expect that FED interest rates will remain at these levels for the March FOMC.
I am actually surprised by #bitcoin's reaction as I would have expected it to take a larger hit. On the opposite side, if CPI showed signs of cooling down, I would have expected Stock an Crypto Markets to pump like never before.
Maybe next month! Until then, stay safe out there,
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