BREAKING: US Inflation Data Released! How Did Bitcoin, Dollar and Gold Respond?

• The United States’ annual inflation rate rose to 3.7% in August. This figure was 3.2% in July and expectations for August were mostly 3.6%.
• According to the CME’s FED tool, the probability of interest rates being kept unchanged is currently priced at 93%. The FED’s rate decision will be announced on September 20th at the rate meeting.
• Bitcoin price was trading at $26,193 before the data was released, and it fell to $26,016 after the data was released, a slight decline of 0.60%.

Critical inflation reports that markets in the US were eagerly awaiting were released today: How did Bitcoin prices be affected? Dollar Index is falling!

Inflation Reports Released in the United States

Inflation reports for the United States, which markets were eagerly awaiting, were released today. According to the information in the report, the United States’ annual inflation rate rose to 3.7% in August. This figure was 3.2% in July and expectations for August were mostly 3.6%.

#US – annual inflation announced as 3.7%

Expectation was 3.6% / Previous was 3.2%

— CO NEWS (@coinotagen) September 13, 2023

With the release of the inflation data in the United States, there were volatile movements in the markets. According to the CME’s FED tool, the probability of interest rates being kept unchanged is currently priced at 93%. The FED’s rate decision will be announced on September 20th at the rate meeting.

Other details of the US inflation data are as follows;

• Core Consumer Price Index (CPI) (Monthly) – Announced 0.3% / Expected 0.2% / Previous 0.2%
• Core Consumer Price Index (CPI) (Yearly) – Announced 4.3% / Expected 4.3% / Previous 4.7%
• Consumer Price Index (CPI) (Monthly) – Announced 0.6% / Expected 0.6% / Previous 0.2%

How did Bitcoin, Dollar and Gold react?

Bitcoin price was trading at $26,193 before the data was released, and it fell to $26,016 after the data was released, a slight decline of 0.60%. It then recovered and rose back to $26,100. BTC is currently trading at $26,142.

The dollar index (DXY) was at 104.750 before the data was released. After the data was released, it first rose rapidly to 104.966, then fell to 104.587, down 0.3%. DXY is currently trading at 104.618.

Gold on the London Bullion Market was trading at $1,911 before the US inflation reports were released. After the data was released, it fell to $1,905, a decline of 0.3%. It then recovered quickly: It is currently trading at $1,913.