Bitcoin rises as US inflation statistics match expectations BTC$92,118.12 After the news broke, the minutes exceeded $92,000 at one point.
As expected by economists, the Consumer Price Index (CPI) rose 2.7% in December from a year earlier, the same as in November, according to a Tuesday report from the Bureau of Labor Statistics.
Core CPI, which excludes food and energy, rose 2.6% compared to the expected 2.7% and the pre-measured 2.6% in November.
On a month-on-month basis, the headline inflation rate was 0.3%, in line with consensus expectations. The core inflation rate increased by 0.2% from the previous month.
After trading below $92,000 before the report, Bitcoin soared to $92,500 before returning to $91,830, up $1.1 in the past 24 hours. U.S. stock index futures rose about 0.3% following the news, but the yield on the 10-year U.S. Treasury bond fell to 4.175% from over 4.19% before the announcement.
According to the CME FedWatch tool, market participants are pricing in a 95% chance that the U.S. Federal Reserve will keep interest rates unchanged at its January meeting.
