Inflation in the US rose more than expected in August to 2.9% per year; Bitcoin at USD $ 114,000

By Hannah Pérez

Bitcoin staggered but then resumed USD $ 114,000 after the highest inflation report than expected in August in the US.

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• The August consumer price index in the US rose 0.4%, stronger than 0.3% expected.
• Weekly applications of unemployment increased, pointing to greater weakening of the labor market.
• Both data found complicate the Fed their decision on the fees next week.
• Bitcoin staggered but resumed the USD $ 114,000 amid expectations of a rate cut.

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Inflation in the United States accelerated more than expected in August, which, added to the terrible employment data, is providing challenging economic data for the Federal Reserve before its meeting next week.

The Consumer Price Index (CPI), which measures the cost of a wide basket of goods and services, increased 2.9% per year in August, the highest level since January 2025, the Office of Labor Statistics of the US Department of Labor of the United States reported Thursday.

Month by month, the CPI registered a seasonally adjusted increase of 0.4% in August, doubleing 0.2% of the previous month and also marking the highest gain since January. Reading exceeded expectations of 0.3% of economists, as you noticed CNBC.

As for the underlying IPC, which excludes food and energy prices, both readings remained stable as they aligned with the forecasts, since the August gain was 0.3%, placing the 12 -month figure in 3.1%, just as in July.

observed an increase of 0.3% during the month while the annual rate stood at 3.1% compared to the previous year, compared to 0.3% and 3% forecasts, according to coverage. The figures were higher than the respective of 0.2% and 2.9% in June.

Employment data complicate Fed decision

Together with inflation data, the United States Department of Labor also reported a surprise increase in weekly unemployment compensation applications to 263,000, seasonally adjusted for the week that ended on September 6, more than the estimate of 235,000 and 27,000 more than the revised figure of the previous period, according to the report.

According to CNBCthis level of claims marked the highest in almost four years.

The figures are released one day after the publication of the IPP, which measures the costs of inputs in a wide range of goods and services, showed unexpected cooling in August, and two days after the greatest preliminary revision of payrolls in the US.

The review eliminated 911,000 jobs from the one -year period ended in March 2025, which showed that the average monthly growth of employment was approximately half of the estimated.

The reports indicate the difficult situation in which the US central bank is found to make a decision on the course of monetary policywith the job panorama worse, but the inflation rate reluctantly.

Financial market operators have been waiting for an interest rate cut, a measure that has historically helped feed the appetite for risk assets such as Bitcoin. A lower monthly inflation reading than expected to strengthen clipping expectations, although employment data throw towards the opposite side and could challenge this vision.

Bitcoin at USD $ 114,000 in the face of cutting expectations

The cryptocurrency market reacted immediately before a recovery, with Bitcoin (BTC) Retroading below USD $ 114,000 before resuming the brand. The immediate reaction of the market suggests agitation, possibly responding to a feeling of uncertainty among investors to the expectation of the Fed decision next week.

Before the CPI data, the markets set a 92% probability of a 25 basic points cut at the FED meeting of September 16, and a probability of 8% of a cut of 50 basic points According to the tool Fedwatch of cme.

Although the highest inflation figure than expected probably denies any idea of ​​a 50 basic points, which had gained strength after the soft jobs report last Friday and the weak figures of the IP of Wednesday, it is likely not to be high enough to prevent the federal reserve from a smaller cut.

Bitcoin It has a price of USD $ 114,170 at the time of edition, practically without variation in the last 24 hours and with a 3% increase in the week, according to data from Coingcko. It has lost just over 8% since its historical maximum of USD $ 124,000 last month.

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Article written with the help of AI, edited by Diariobitcoin

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