Bitcoin and Gold Flash Crash: Why a 2.4% CPI Print Still Ran Hot

Bitcoin and gold prices dropped within seconds of the August inflation report on Friday, then recovered most of the loss inside a few minutes. The annual numbers landed exactly on forecast. What moved markets was the monthly core figure.

Prices excluding food and energy rose 0.3% in August, above the 0.2% economists had expected. Why a 2.4% Print Still Counted as Hot Annual core inflation held at 2.4%, matching estimates. Headline inflation matched as well, at 3.4%.

Neither number handed the Federal Reserve anything new. AUGUST U.S. 🇺🇸 INFLATION DATA:CPI 3.4% YoY, (Est. 3.4%)CPI 0.4% MoM, (Est. 0.4%)Core CPI 2.4% YoY, (Est. 2.4%)Core CPI 0.3% MoM, (Est.

0.2%)— Wall St Engine (@wallstengine) September 11, 2026 Follow us on X to get the latest news as it happens The monthly reading told a different story. Seventeen published forecasts for monthly core inflation circulated before the release.