Bitcoin’s brief rebound: Fed pauses, not twists

U.S. inflation fell to 3.1% year-on-year, down from 3.7% last month, driven by falling energy prices and lower demand for services. The core inflation rate remained at a high of 4.3%. The Fed remained cautious, suggesting it would not cut interest rates immediately, although the market expected the Fed to turn dovishly. Bitcoin rose 4.2% this week to around $62,000, reflecting market optimism about potential monetary easing.