We knew this week was going to be volatile thanks to a stack of global economic data drops, but today’s US inflation report gave the bulls exactly what they wanted.
The November CPI prints are in, and they are much lower than anyone guessed. The market was pricing in a 3.1% headline inflation rate, but it actually landed at 2.7%. Core inflation also beat expectations, coming in at 2.6%.
Why does this matter? Lower inflation gives the Fed more room to slash interest rates—perhaps even paving the way for the aggressive 1% target discussed for 2026. Bitcoin loved the news instantly. The price ripped from $87,000 to $88,500 in minutes before hitting a temporary ceiling.
Data sourced from the latest US Bureau of Labour Statistics report.