Just now, the BLS released the latest inflation data and things are looking good for the U.S. economy.
According to the US Bureau of Labor Statistics (BLS), the annual inflation rate, reflected by the Consumer Price Index (CPI), fell to 2.4% in September, down from 2.5% in August.
As analysts anticipate the upcoming CPI data and the Federal Reserve’s interest rate decision in November, today’s release of key inflation figures has drawn significant attention from the Fed, as these metrics will influence its rate-setting choices.
In the meantime, Bitcoin was struggling to maintain its price above $60,000 amid significant selling pressure. Currently BTC is priced at $61,000.
Bridgewater’s Ray Dalio has expressed grave concerns over the U.S. debt situation, warning that an unsustainable imbalance between debt supply and demand could have severe global repercussions.
The Consumer Price Index (CPI) for February 2025 showed a modest increase of 0.2% compared to January, following a 0.5% rise the previous month. Over the past year, the overall CPI has risen by 2.8%.
The U.S. is set to impose a 25% tariff on steel and aluminum imports from Canada and several other nations, with the policy taking effect at midnight on March 12.
Institutional analysts believe the Federal Reserve is unlikely to reduce interest rates during its upcoming meeting, but if concerns about a recession grow, the central bank might initiate a series of quick rate cuts by June.