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U.S. inflation meets expectations, keeping Fed rate cuts on hold as bitcoin slips holds $61,000
BTC
BTC/USDT
$63,053.27
-0.04%
$63,053.27
-0.04%
(24s)24h Volume
$2,468,496,026.78
24h H/L
$63,175.00 / $62,920.00
Change: $255.00 (0.41%)
Long/Short
67.9%
Long: 67.9%Short: 32.1%
Funding Rate
+0.0025%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(12:42 PM UTC)
1 min read
U.S. inflation meets expectations, reinforcing Fed's higher-for-longer stance
Bitcoin was trading at $61,700 following the news, slightly down over the past 24 hours.
U.S. inflation data came in as expected on Wednesday, reinforcing the view that the Federal Reserve will keep interest rates at 350-375 bps at its June 17 meeting but is likely to increase rates by 25 bps by the end of the year.
The…
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