CPI Report Triggers Market Tumble: Stocks and Crypto Decline as Inflation Concerns Mount

. On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:
Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:

Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.

On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:
Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:

Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.

On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:
Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:
Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:
Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:

Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.

On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:

Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.

On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:

Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.

On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:

Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.

On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:

Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.

On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:

Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.

VOn Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks.

Stocks Dip, Crypto Slumps as January CPI Data Disappoints Wall Street

Following the release of the CPI summary by the U.S. Bureau of Labor Statistics (BLS), the crypto economy along with bitcoin (BTC) experienced declines, moving in tandem with equity markets. The summary highlights a 0.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U) for January, on a seasonally adjusted basis, after a rise of 0.2% in December. Additionally, it reveals that the all-items index has seen a 3.1% increase over the past 12 months before seasonal adjustments.
This development quells Wall Street’s optimism for a potential cut in the federal funds rate by the U.S. Federal Reserve come March. In comments given to Jeff Cox of CNBC, Quincy Krosby, the chief global strategist at LPL Financial, mentioned that this essentially indicates the central bank will require additional data for analysis. “The much-anticipated CPI report is a disappointment for those who expected inflation to edge lower allowing the Fed to begin easing rates sooner rather than later,” Krosby said.
The LPL Financial analyst added:

Across the board, numbers were hotter than expected making certain that the Fed will need more data before initiating a rate cutting cycle.