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Andrew Goncharow
@gazuz
💸What Does 2.9% Inflation Mean for Bitcoin and Crypto Markets? Today, the CPI was published, which showed that in July, inflation fell to 2.9% (the lowest level in the last 3 years), although the forecast was 3%. The fall in inflation is a direct signal for the Fed to cut the rate in September. 😵The Fed's inflation target is 2% and today's CPI highlights the steady decline in inflation. The probability of a rate cut by 0.50% has increased to 43.5%.
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