Live markets: Bitcoin briefly falls below $80,000, as stocks tumble, yields rise on ugly inflation print
Core consumer prices, excluding the well-known surge in energy costs, rose 0.4% in April, double March’s 0.2% gain and above economists’ expectations of 0.3%. Compared with the same period last year, core CPI rose 2.8%, compared with 2.6% in March and 2.7% expected. Overall CPI (excluding energy costs) rose by 3.8% in April, compared with…