Bitcoin and Ethereum Rise Following Flat Inflation Reading The recent CPI report suggests that inflation in the U.S. may have peaked after rising at its fastest pace in four decades. Costs for consumers held flat according to the Consumer Price Index report (CPI) released by the U.S. Bureau of Labor and Statistics on Wednesday, indicating inflation is at 8.5%. Analysts predicted previously that the index, which tracks price movements across a broad range of goods and services, would rise 0.2% to show inflation is 8.7% on a year-over-year basis. #ethereum #eth #bitcoin # BTC #rise
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