In the United States (USA), the annual inflation rate was 4.0 percent and the monthly inflation rate was 0.1 percent.
The USA, which has not been on the agenda for the last week with its impact on the crypto market, is making an intense effort to reduce the inflation rates in the country. In this context, the USA continues to increase interest rates for a long time.
However, the economic conditions, which are frequently spoken in the USA, have also revealed new rumors about the interest increase. Many analysts think that the US will slow down in rate hikes. The US had increased interest rates by 25 basis points at the beginning of last month.
According to the inflation data that came right after the interest rate decision, it was announced that the annual inflation in April 2023 in the USA was at the level of 4.0 percent.
US April 2023 Inflation Data
The United States of America (USA) announced May 2023 inflation rates, which crypto investors follow closely. While annual inflation in May was 4.0 percent in the USA, the monthly inflation rate was 0.1 percent.
Inflation expectation in the USA for May was 4.1 percent. Markets think that inflation in the USA will decrease and the subsequent interest rate decision will be determined accordingly. Looking at the situation of inflation in the previous months, it was 4.9 percent in April and 5.0 percent in March.
The new inflation rates in the USA showed a positive outlook, even below expectations.
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