US CPI inflation prints cooler at 2.4% year-on-year and 0.2% month-on-month, both under forecasts

US consumer price inflation recorded a 2.4% year-on-year increase and a 0.2% rise month-on-month, coming in below market expectations. The cooler-than-anticipated CPI readings have drawn attention from traders monitoring US macro data for potential implications across equity and crypto markets.