CPI Report Today: Bitcoin Fluctuates Near $62K as Inflation Rate Dips to 2.9%, Matching Expectations

The post CPI Report Today: Bitcoin Fluctuates Near $62K as Inflation Rate Dips to 2.9%, Matching Expectations appeared first on Coinpedia Fintech News The latest Consumer Price Index (CPI) report has revealed a 2.9% inflation rate, significantly better than market expectations. This positive development has brought hopes for potential interest rate cuts, which, in turn, has created a bullish sentiment in the crypto market. As a result, Bitcoin price broke above its immediate consolidation. Inflation Drops Below 3% …