So, Bitcoin is doing its usual “I’m a rollercoaster, not a currency” thing again today. 🎢 The US CPI decided to chill out, dropping to 2.4% in March, which is basically inflation saying, “I’m too tired for this drama.” Investors, who were probably refreshing their screens like they were waiting for a Taylor Swift album drop, finally got the data they were obsessing over. And guess what? The Fed might actually cut rates because, apparently, even central bankers need a break from Trump’s tariff tantrums. 🙃
The latest Labor Department report showed that the US CPI inflation was a whopping 0.1% in March. Yes, 0.1%. That’s like finding a single penny in your couch cushions. On a year-over-year basis, the CPI is at 2.4%, which is lower than Wall Street’s expectations of 2.6%. Wall Street, honey, maybe lower your expectations next time. 😏
Meanwhile, the Core CPI, which excludes food and energy (because who needs those, right?), was also at 0.1% in March. The year-over-year figure dropped to 2.8% from 3.1% in February. This cooling inflation has everyone thinking Bitcoin is about to have its “main character moment” and break out like it’s in a rom-com. 🚀
This data is super important for the US Central Bank, who’s probably sitting in a room somewhere, sipping coffee, and trying to figure out how to keep the economy from imploding. The cooling inflation has pretty much locked in bets for a Fed rate cut. And if that wasn’t enough drama, there’s a rumor that Fed Chair Jerome Powell might announce an emergency rate cut because, apparently, the global financial market is having a meltdown. 🌍💥
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2025-04-10 15:44