The United States (USA) announced the annual inflation rate as 6.4 percent and the monthly inflation rate as 0.5 percent.
In the light of the US’s latest interest rate decision, inflation expectations were shaped to decrease to 6.2 percent on an annual basis. On the other hand, the monthly inflation rate in the USA for January was expected to be 0.5. In addition, in the US inflation data, the annual inflation data for December was announced as 6.5 percent. In light of these expectations and previous results, the US released inflation data. Inflation in the USA was announced as 6.4 percent annually and 0.5 percent monthly.
US Inflation Statement
Earlier, the USA had given messages that it was determined to reduce inflation and would take sharp moves. Recession concerns in the markets had subsided with the decline in inflation data. In addition, the Fed stated that it will continue to increase interest rates, but will gradually soften it. In the midst of all these processes, the annual inflation rate in the US for January was announced as 6.4. The monthly inflation rate was 0.5.
The inflation rate, which was above expectations, also led to activity in the crypto money market. Although the expectations were 6.2 per annum, the announced was 6.4.
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