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CPI Data Released, US Inflation Rises to 3.8%
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Fresh U.S. inflation data just delivered another upside surprise, reinforcing fears that inflation is heating up again. Headline CPI rose 3.8% year-over-year in November, above the 3.7% forecast and sharply higher than the previous 3.3% reading. Core CPI also climbed to 2.8%, beating expectations. On a monthly basis, core inflation accelerated 0.4%, signaling persistent price pressures across the economy. The hotter-than-expected report could strengthen the Federal Reserve’s “higher for longer” stance, reducing chances of near-term rate cuts and increasing volatility across stocks and crypto markets.
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