Quick Take
CPI slows as expected YOY Core CPI was forecasted to come in at 5.5%. The result was 5.5% CPI year over year was forecasted to come in at 6.0%. The result was 6.0%. Core inflation accelerates month-over-month from +0.4% in January to +0.5% in February. Bitcoin has smashed through $25,500 Barring any disaster, after the CPI news, a 90% probability for a 25bps rate hike for the upcoming FOMC on 22nd March.
BTC Price Chart (Source: TradingView)
Rate Probabilities: (Source: CME)
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