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US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision

March 14, 2023

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In February, inflation was consistent with expectations, with the consumer price index (CPI) increasing by 0.4% last month, equating to a 6% annual pace, according to the latest report from the U.S. Bureau of Labor Statistics. “Over the last 12 months, the all-items index increased by 6% before seasonal adjustment,” the CPI report states. “The index for shelter was the primary contributor to the monthly all-items increase, accounting for over 70% of the rise, while the indexes for food, recreation, and household furnishings and operations also contributed.”

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