In February, the US inflation increased in Bitcoin price falling by 2.8%, increases market optimism

Bitcoin ended up to $ 84,000 on Wednesday, new inflation data has increased less than expected in February, facilitated the growth of aggressive federal reserve. Consumer Price Index (CPI) increased In the last year, under 2.8%, 2.9% were projected under economists. Core CPI, which excludes food and energy prices, rose 3.1%, 3.3%. The information increased investor confidence by managing both cryptist and the stock markets. Ethereum reached $ 1.938, Solana reached $ 127 and the Dow Jones Industry Medium futures increased by 223 points. The S & P 500 and NASDAQ earned 100, respectively 0.8%, 0.9% and 0.9%.

Shelter expenses that make up a significant part of the CPI increased by 0.3% in February. The Bureau of Labor Statistics said that this was partially replaced by gasoline and airline ticket prices. President Donald Trump reacted to the social data of truth, lean“It’s all down!” The last 25% of its administration in the steel and aluminum imports, raised concerns about inflation in connection with the addition of uncertainty to the economic worldview.

From the Fed’s December Meeting, these policies suggested that these policies can store inflation above 2% target. Traders are due to the end of the year by the end of the year, according to the end of the year, CME Fedwatch. The Federal Open Market Committee (FOMC) has been set to meet to release updated forecasts for economic growth and interest rates next week.

The manufacturer’s Price Index (PPI) report is expected to provide more information about inflation trends for release on Thursday. If wholesale prices are lower than expected, the increase in markets can be further rallying.

When inflation was cooled, the fed will remain above the target of 2%, ie politicians can continue with caution. Powell recently said the Central Bank would take a measured approach to making money easier, celebration that the economy is “in a good place”. Investors now watch closely to see that the Fed is approved by a transition to reduce the ratio in the coming months.