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BREAKING: U.S. Inflation Falls to 2.4%

10.10.2024 15:36 1 min. read Alexander Stefanov
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BREAKING: U.S. Inflation Falls to 2.4%

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.

READ MORE:

U.S. Economy Will Crash and Bitcoin Will be the Salvation – Robert Kiyosaki

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.

Alexander Stefanov
With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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