Calm inflation. Besides the health of employment in the United Statesthe American Federal Reserve (Fed) closely monitor l’inflation prices in the country to decide its monetary policy. The objective of the US central bank would be to achieve the 2% inflation. The latest figures from Consumer Price Index (CPI) have just fallen, and they are rather mixedbecause they stagnate.
US inflation (CPI) is slowly approaching the Fed’s target: bullish pour Bitcoin ?
Following the good figures for early September for US inflation (the consumer price index, or CPI), the Federal Reserve of the United States has finally decided, not only to lower its key rates on September 18, but even to lower them by 50 basis points (where a drop of only 25 points was more expected).
This October 10, 2024, the monthly update of the Consumer Price Index fell, and it turns out that the clue is in halftone. Indeed, the CPI drops very slightlyby 0.1%, bringing it to 2,4%where market forecasts were hoping for a drop of up to 2.3%, which disappoints a little.
Because, if on the one hand, we’re getting closer a little more of the objective of 2% from the Fed (since inflation over a rolling year was therefore 2.5% last month, against 2.4% now), on the other hand, financial analysts expected a slight drop more frank.
This very moderate decline inflation should reinforce Jerome Powell’s speechthe chairman of the Federal Reserve, who seemed to announce key rate cuts, too, more moderate in the future. The prospect of seeing these rates fall again by 50 basis points moves further awayand it is very likely that the next reductions will not be only 25 points. What all the same helping Bitcoin and the cryptocurrency market restart their bull market according to some experts.
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