The inflation data showed softer-than-expected monthly and annual readings, a macroeconomic release closely watched by crypto and broader risk-asset markets.
Summary
No Summary provided as the original text is short
Terms & Concepts
CPI: Consumer Price Index, a key inflation measure tracking changes in prices paid by consumers for goods and services.
Core CPI: A version of CPI that excludes food and energy prices to show underlying inflation trends more clearly.
M/M and Y/Y: Month-over-month and year-over-year comparisons used to measure how economic data changes over different time periods.