Apr 10, 2025
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U.S. CPI Decreased 0.1% in March; Core CPI Rose 0.1%
U.S. inflation data shows a decline in the Consumer Price Index (CPI) for March:
- CPI fell 0.1%, against an expected increase of 0.1%
- Year-over-year CPI rose 2.4%, below the forecast of 2.6%
Core CPI increased only 0.1%, compared to forecasts of 0.3%:
- Year-over-year Core CPI rose 2.8%, short of the 3% expectation
The price of bitcoin rose to above $82,000 following the news.
Market focus remains on potential Federal Reserve rate cuts, with a 17% chance of a cut in May and a 75% probability of a 25 basis point cut by June.
Next, attention shifts to the Producer Price Index (PPI) report, which could influence Fed policy decisions.