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  • Sohrab Khawas
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    Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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U.S. CPI Rises to 2.9%, Meeting Expectations

The U.S. Consumer Price Index (CPI) for the latest period rose to 2.9%, in line with market expectations of 2.9% and up from the previous reading of 2.7%. This indicates a modest acceleration in consumer inflation, reflecting steady price increases across goods and services. Analysts see the result as a signal that inflation pressures remain moderate, providing the Federal Reserve with data to guide future interest rate decisions while balancing economic growth and price stability.

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