US inflation rises to 2.9%, far above Fed’s target – Bitcoin is in major trouble
Share link:In this post: U.S. inflation hit 2.9% in December, way above the Fed’s 2% target, with energy costs driving most of the surge. Shelter prices climbed 4.6% over the year, while real wages barely rose, leaving workers feeling the pinch. Bitcoin’s bull market looks increasingly faded as the Fed stays hawkish.
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