by Coinstrooper Crypto Articles
Quick Take
  • Bitcoin and Gold prices crashed in the immediate aftermath as the data adds fresh uncertainty for investors watching the Federal Reserve’s next policy move.
  • Core inflation remained at 2.4% annually, matching forecasts.
  • Follow us on X to get the latest news as it happens
  • The post Bitcoin and Gold Prices Crash As Core CPI Runs Hot appeared first on BeInCrypto.

What Happened

Bitcoin and Gold prices crashed in the immediate aftermath as the data adds fresh uncertainty for investors watching the Federal Reserve’s next policy move.

Market Context

US inflation delivered a mixed signal in August, with headline consumer prices matching expectations while underlying inflation came in hotter than economists forecast.

The US Consumer Price Index (CPI) rose 0.4% month-over-month in August, matching market expectations, while annual inflation climbed 3.4% year-over-year, also in line with forecasts.

However, the closely watched core CPI measure, which excludes volatile food and energy prices, increased 0.3% month-over-month, above the 0.2% expected increase. Core inflation remained at 2.4% annually, matching forecasts.

The post Bitcoin and Gold Prices Crash As Core CPI Runs Hot appeared first on BeInCrypto.

Why It Matters

The hotter monthly core reading may keep pressure on the Fed as policymakers assess whether inflation is continuing to ease enough to justify further interest-rate cuts.

Details

August CPI Report Shows Core Inflation Sticky

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