The post US CPI Rate Rises to 4.2%, Bitcoin Price Sees Minor Gains appeared first on Coinpedia Fintech News
The May U.S. CPI report showed the inflation rate in May was 4.2% higher than a year earlier, matching economists’ forecasts. Core inflation, which excludes volatile food and energy prices and is closely monitored by the Federal Reserve, also came in as expected at 2.9% year-over-year. On a monthly basis, inflation increased 0.5%, in line …