© Reuters
Investing.com – The U.S. Inflation Index fell faster than expected and came in at 0.3% on a monthly basis as estimates were for 0.4% vs. 0, 5% over the previous period.
On an annual basis, the index posted a value of 4.6% against 4.7% for the forecasts and 4.7% over the previous period.
The overall PCE index came in at 0.3% versus 0.5% for the forecast and 0.6% for the previous period on a monthly basis. It also recorded a value of 5% against 5.1% for the estimates and 5.3% for the previous period.
This surprise comes after the Fed maintained its policy of rate hikes in a context of uncertainty in the face of a potential banking crisis and a credit crunch.
These figures could influence the future decisions of the American central bank and made the markets react. The Americans climbed sharply following this publication with high volatility.
The also made significant gains in a matter of minutes as the asset could benefit from a looser monetary policy. The BTC was thus able to exceed the bar of 28,000 dollars before falling back somewhat.
Investors could react positively to a course change in monetary policy.
