U.S. Inflation rates rose slightly above expectations, with headline CPI at 2.9% and core CPI at 3.1%. Initial jobless claims reached 263,000, the highest in four years, raising alarm regarding the economic slowdown.
Crypto markets saw an initial dip but rebounded, with Solana increasing by 11% and Dogecoin by 17%. Economists anticipate stagflation challenges for the Fed as both inflation and unemployment rates rise.
Leave a Reply