US Inflation for February Hits 7.9%, ECB Slows Asset Purchases

US inflation numbers hit 7.9% in February, up from 7.5% the month before, and in line with expectations. Bitcoin (BTC) immediately jumped higher on the news, before later reversing lower again. “The 12-month increase has been steadily rising and is now the largest since the period ending January 1982. The all items less food and energy index rose 6.4 percent, the largest 12-month change since the period ending August 1982,” the US Bureau of Labor Statistics wrote....Read More: US Inflation for February Hits 7.9%, ECB Slows Asset Purchases