This latest news on inflation comes one day ahead of the results of the U.S. Federal Reserve’s monetary policy meeting. Prior to this morning’s numbers, market participants had priced in about a 76% chance the Fed will end up pausing what’s become an historic string of rate hikes dating back to March 2022. In the few minutes after the news hit, the chance of a pause has risen to 79%.
Related posts
-
Bitcoin Completes 9th Test Of $60,000, Where Does Price Go From Here?
Bitcoin (BTC) has completed its ninth test of the $60,000 support level, hinting at a potential... -
Is Cardano the Next Big Winner? Analysts Predict Massive Surge as Bitcoin Wobbles
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is... -
RWA Startup Hamilton Tokenizes US Treasury Bills on Bitcoin L2 Solutions
Hamilton has announced the tokenization of U.S. Treasury bills on Bitcoin’s layer two (L2) platforms, stating...