US consumer price data released today, ahead of the upcoming Federal Open Market Committee meeting next week, showed results largely aligning with analysts’ predictions. The regular Consumer Price Index matched expectations at 2.9% year-on-year, while the monthly projection of a 0.3% increase was surpassed by an actual rise of 0.4%. The Core CPI, excluding volatile sectors like food and energy, also remained in line with estimates at 3.1% year-on-year and a 0.3% month-over-month increase. 📈 💰 ➡️ , the release comes ahead of the FOMC meeting next week. Following Fed Chair Jerome Powell’s remarks at Jackson Hole, market experts anticipate a shift towards lowering interest rates to counter inflation. 📉 💰 The cryptocurrency market also reacted swiftly to the CPI data, with Bitcoin experiencing a notable price surge that reached a new multi-week high before momentarily dropping back down to $114,000. 📉