by Tiffany Wang, WOO Analyst
The latest US CPI report has surpassed expectations, indicating a year-on-year increase of +3.1%, compared to the anticipated +2.9%. This figure represents supercore inflation, a metric that captures persistent inflationary pressures. While inflation had moderated to around 3% by the end of last year, it has since experienced rapid acceleration, reaching 5.5%. This uptick is concerning for markets where investors take on higher risks.
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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