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BREAKING NEWS 🔥 US Inflation Data Announced! Good or Bad for Bitcoin (BTC)?

US inflation data, which is closely monitored by the FED, has now been announced.

As of today, the eyes of traditional financial markets and the cryptocurrency industry have turned to critical economic data from the USA. Recently, the US Consumer Price Index (CPI), which is the main element of the interest policy of the US Federal Reserve (FED), was announced.

It is thought that the latest US economic data will be effective in Jerome Powell's speech in the evening. Here are the US inflation data announced recently:

US Annual Consumer Price Index (CPI):

Previous: 3.4%

Expectation: 3.4%

Announced: 3.3%

US Monthly Consumer Price Index (CPI):

Previous: 0.3%

Expectation: 0.1%

Explained: 0.0%

US Annual Core Consumer Price Index (CPI):

Previous: 3.6%

Expectation: 3.5%

Announced: 3.4%

US Monthly Core Consumer Price Index (CPI):

Previous: 0.3%

Expectation: 0.3%

Announced: 0.2%

It seems that all US inflation data are below expectations. These latest data are considered positive for the leading cryptocurrency Bitcoin (BTC) and altcoins.