US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed's Next Decision
The U.S. Labor Department released the consumer price index report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central bank’s decision regarding the federal funds rate.
The overall sentiment of the equity market has improved as three of the four U.S. benchmark stock indexes, except for the Russell 2000, saw gains. However, on Monday, three of the four benchmark indexes were down, except for the Nasdaq Composite. Additionally, Monday marked the
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