US consumer inflation breaks above 4% as Iran war raises energy prices
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Bitcoin jumps above $62,000 after CPI report gives traders room to defend $60,000
Bitcoin rose above $62,000 after the latest US inflation report gave traders enough relief to step back from a deeper test of the $60,000 level. The move followed several days of pressure across crypto markets, where investors had been preparing for the possibility that a hotter inflation print ...
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Core inflation stayed tame, easing hawkish worries at the Fed.
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JPMorgan Strategist Expects CPI Above 4% with Signs of Easing Energy Inflation
Meera Pandit, Global Market Strategist at JPMorgan Asset Management, discusses expectations for the upcoming U. S. CPI report, forecasting a print above 4%.