The U.S. Consumer Price Index (CPI) for August 2025 increased by 2.9% year-on-year, marking the largest annual rise in seven months. Despite surpassing expectations, the Federal Reserve is anticipated to continue with rate cuts due to concerns over a weakening labor market. The Core CPI, excluding food and energy, rose by 0.3%, meeting forecasts.
Following the CPI release, Bitcoin's price surged past $115,000, driven by increased trading volume and institutional inflows into spot ETFs. This surge reflects growing investor confidence in the cryptocurrency market. The Federal Reserve, focusing on stimulating job growth, may consider quantitative easing, as hinted by Chairman Jerome Powell. The upcoming FOMC meeting is expected to address these economic conditions.
U.S. August CPI Rises 2.9%, Bitcoin Surges Past $115,000
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