Last minute! US Inflation Data Released, How Did Bitcoin and Dollar React?

US inflation data, which investors have been eagerly waiting for, has been announced.

Inflation data announced in the USA for November are as follows:

Consumer Price Index (Annual): 7.1% – Expectation 7.3% – Previous 7.7%

Consumer Price Index (Monthly): 0.1% – Expectation 0.3% – Previous 0.4%

Core Consumer Price Index (Annual): 6% – Expectation 6.1% – Previous 6.3%

Core Consumer Price Index (MoM): 0.2% – Expectation 0.3% – Previous 0.3%

Bitcoin and Dollar’s Initial Reaction

After the data that came below the expectations, the first movement in the Bitcoin and Dollar index is as follows:

After the data that came below expectations, Bitcoin rose to the level of $ 18,000, while the dollar index fell sharply.

After the inflation data, eyes were turned to the Fed’s interest rate decision tomorrow. Expected 50 basis points.

The FED will announce the final interest rate decision for 2022 on Wednesday (tomorrow) at 22.00 EST.

After the interest rate decision, at 22.30 CET, Fed Chairman Jerome Powell will be in front of the cameras, giving verbal guidance and answering questions.

Now, at 17.30, the openings of the US stock markets will be followed.