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Cryptocurrencies Rally as U.S. Inflation Misses Forecasts
Cryptocurrencies Rally as U.S. Inflation Misses Forecasts
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BTCCSquare news:
Cryptocurrencies surged as U.S. inflation data came in below expectations, with headline inflation at 2.7% (versus 3.1% forecast) and Core inflation at 2.6% (missing both expectations and prior readings). The soft figures bolster the case for continued Fed rate cuts, with markets now pricing in a 50-100 basis point reduction from current levels.
Meanwhile, the UK delivered a surprise rate cut while the ECB held steady. The combination of dovish central bank signals and weakening economic indicators has created fertile ground for crypto assets to extend their recent gains.
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