Was that needle just a stimulus, brothers? How are all the military brothers doing?
The U.S. Department of Labor released the latest Consumer Price Index (CPI) data at 9:30 PM tonight, triggering significant fluctuations in the financial markets.
Data shows that the CPI in January rose 2.9% year-on-year, and the core CPI rose 3.2% year-on-year, both in line with market expectations.
It is worth noting that although the CPI data met expectations, the core CPI was slightly below expectations month-on-month, which may lead to changes in market expectations regarding the Federal Reserve's future monetary policy.
Some analysts believe that if inflation data is lower than expected, it may boost market expectations for a rate cut by the Federal Reserve, pushing U.S. Treasury yields down and weakening the dollar, which would benefit risk assets like Bitcoin.
However, considering the recent market concerns about inflation, investors should remain cautious and closely monitor future economic data and the Federal Reserve's policy direction.
