by Tiffany Wang, WOO Analyst
The US Consumer Price Index (CPI) has exceeded expectations, mainly driven by shelter costs. The markets have adjusted to anticipate more than 20 basis points of cuts by March, indicating a probability of over 75% that the Federal Reserve will implement these measures by then.
However, the latest core CPI data indicates an approximately 0.2% month-on-month rise in core Personal Consumption Expenditures (PCE). This implies that PCE is still annualizing at 2%, especially considering the Federal Funds Rate is at 5.25%.
Crypto and blockchain events this week
Meanwhile, here are the biggest crypto and blockchain events happening around the world this week so that you can stay informed.
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