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Gate Square New & Returning Creator Rewards are ongoing!
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US Inflation Indicators Record as Expected
The US Consumer Price Index (CPI) increased by 2.9% year-over-year, while the core CPI, excluding food and energy costs, rose by 3.1%. The results exactly matched market forecasts, confirming that inflationary pressures are within a certain range.
For investors and central bank officials, CPI-related statistics are important indicators of the economy's temperature. These in-line results serve as a basis for assessing the future direction of interest rate policies and can influence market sentiment. Depending on upcoming monetary policy developments, a review of investment strategies may be necessary.