Markets fall as US reports inflation rose to 3% in January

Bitcoin price drops to $94,250 after January CPI report, down 2.3% in 15 minutes, as inflation rises faster than expected.

CPI rose 3% year-on-year, above the forecast of 2.9%. Ethereum and Solana also fell to $2,600 and $193 .

Accordingly, Core Inflation increased to 3.3% in January, higher than forecast. Previously, Bitcoin increased sharply when the Fed lowered interest rates from a 23-year high to 4.25% - 4.50%. However, at the most recent meeting, the Fed kept interest rates unchanged, maintaining a cautious stance.

Trong khi đó tại cuộc họp tháng 12, Fed cảnh báo chính sách thương mại và nhập cư có thể cản trở mục tiêu lạm phát 2%. Hôm qua, Chủ tịch Fed Jerome Powell trả lời nhiều câu hỏi trước Quốc hội về tác động của cuộc chiến thương mại dưới thời Trump.

Fed Chairman Jerome Powell stressed that the Fed does not comment on tariff policy but only reacts appropriately.

He affirmed that the Fed is ready to respond if inflation falls or the labor market weakens, but the economy is still strong so there is no need to rush to adjust interest rates.