US CPI Cools to 3.5% YoY and Core CPI to 2.6%, Both Below Forecasts
US inflation cooled more than expected as headline CPI rose 3.5% year over year versus a 3.8% forecast and 4.2% prior, while core CPI eased to 2.6% versus 2.8% expected and 2.9% prior. The data reduces pressure on the Federal Reserve to keep rates higher for longer, prompting markets to revisit rate cut expectations and supporting risk assets including Bitcoin.
