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Bitcoin Price Today: Hot CPI Data at 3.8% Threatens Rally as Fed Rate Cut Hopes Fade

By https://coinpedia.org/ on May 12, 2026

The post Bitcoin Price Today: Hot CPI Data at 3.8% Threatens Rally as Fed Rate Cut Hopes Fade appeared first on Coinpedia Fintech News Fresh US inflation data released Tuesday delivered an upside surprise that markets were not fully prepared for. Headline CPI rose 3.8% year over year in November, above the 3.7% forecast and significantly higher than the previous 3.3% reading. Core CPI climbed to 2.8%, also beating expectations. On a monthly basis core inflation accelerated 0.4%, signalling …

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