CPI Falls Below Expectations; Markets Rise Despite Warsh's Caution
The latest CPI report showed headline inflation at 3.5% y/y, below expectations of 3.8%, with core CPI at 2.6%. Prices fell by 0.4% monthly—the largest decline since the pandemic period—sparking gains in major stock indices and surges in Bitcoin and gold prices.
Topics: CPI crypto prices inflation cooldown stock market reaction