US Inflation Eases to 3.4% in Line With Forecasts; Bitcoin Steady Near $64K

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US consumer price inflation slowed to 3.4%, matching economist forecasts for the period. Both headline and core inflation figures came in as expected, offering no major surprises to markets. Bitcoin remained relatively stable, hovering near the $64,000 mark following the data release. Treasury yields moved lower in response to the inflation report. The figures suggest a continued gradual cooling of price pressures in the US economy.

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