The highly anticipated inflation data of the USA has been announced. Accordingly, annual inflation in March increased by 8.5%.
Inflation continues to climb in the USA. According to data released today, the US annual CPI increased by 8.5% in March and recorded the biggest increase since 1981. In addition, the 1.2% increase on a monthly basis was the biggest increase since 2005.
Incoming data increased the pressure on the Fed to increase interest rates. Recent data showing that inflation has started to warm up strengthens the possibility of a 50 basis point rate hike by the Fed.
Bitcoin Over $40,000
After the data, Bitcoin recorded a slight rise and rose above $40,000 again. Bitcoin, which has risen to $ 40,700, is trading at $ 40,581 as of publication time.
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