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Inflation Meets Expectations | Bitcoin and Crypto News
Description
Inflation numbers hit expectations, with CPI up 0.1% monthly and 3.4% annually, while core inflation rose 0.2% monthly and 2.5% yearly—offering a glimmer of cooling trends after weaker jobs data. Markets reacted calmly, Bitcoin held steady near $64K, and Treasury yields dipped as inflation fears eased. The Fed’s September rate hike odds have slightly dropped, but remain in play as the central bank watches closely for further signals.
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