The United States revealed August’s Consumer Price Index stats on Wednesday. The data showed inflation increased by 3.7% annually, pressuring the Fed as it surpasses the 3.6% prediction. Moreover, the labor agency confirmed that inflation has surged for the second consecutive month. The CPI increased from July’s 0.2% to August’s 0.6%, outshining the estimated 0.5%. The post Crypto market outlook as U.S CPI inflation soars 3.7% appeared first on Invezz .