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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
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The panic index VIX rose over 38% during the day, reaching its highest intraday level since August 5 of last year.
On April 5, the VIX panic index reached its highest intraday level since August 5, 2024, currently reported at 41.65, with an intraday rise of 38.37%.