So, the US Bureau of Labor Statistics decided to drop some numbers on us. Apparently, inflation is down to 2.8% YoY. I mean, who knew? Last month it was 3%. And here I thought we were just going to keep spiraling into chaos. But wait, the experts thought it would be 2.9%. Classic, right? Always a little off. 🙄
U.S. CPI: +2.8% YEAR-OVER-YEAR (EST. +2.9%)
U.S. CORE CPI: +3.1% YEAR-OVER-YEAR (EST. +3.2%)— Tree News (@TreeNewsFeed) March 12, 2025
And guess what? Bitcoin (BTC) just couldn’t resist the urge to jump above $84,000 right after this news. I mean, who wouldn’t want to ride that wave? It’s like a rollercoaster, but without the safety harness. 🎢
Now, this drop in inflation is getting cozy with the 2% mark, which the Federal Reserve thinks is the sweet spot. They’re watching this like hawks, probably with binoculars and a cup of coffee. ☕
Last year, they cut rates three times, but this year? Crickets. They were all like, “We’ll cut rates twice this year,” but here we are, still waiting. It’s like waiting for a bus that never comes. And when they do cut rates, it’s supposed to make borrowing money easier. Great! Let’s all go buy more risky assets like BTC! What could possibly go wrong? 😅
Meanwhile, the Core CPI, which conveniently ignores food and energy (because who needs to eat, right?), is up by 3.1% YoY. Just a smidge below the expected 3.2%. So, we’re all just living in a world of expectations, aren’t we? Fantastic! 🙃
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2025-03-12 15:58