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Inflation Rises: CPI Hits 2.9%, Fed Rate Cut Anticipated

2/12/2025

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Story summary
  • Today's U.S. Consumer Price Index (CPI) report is projected to reveal a 2.9% annual increase and a 0.3% monthly rise.
  • Core CPI is expected at 3.1%, exceeding the Federal Reserve's target.
  • The market predicts a Fed rate cut in June, though inflation concerns could restrict significant reductions.
  • Bitcoin's price may vary with CPI results, possibly shifting towards the lower end of its $90K-$110K range.