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CPI Report Surprises as Inflation Slows More Than Expected
- The March Consumer Price Index (CPI) report has been released, revealing better than expected inflation numbers.
- Bitcoin initially reacted favorably to the news.
- The data will aid the Fed in determining whether to cut rates in the next FOMC meeting.
- The slower-than-expected rise in inflation provides relief for markets and reinforces hopes of potential rate cuts in the near future.
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