U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate.

Following the Labor Department’s CPI report, stocks, precious metals, and cryptocurrencies declined slightly but have since rebounded. As of 9:30 a.m. Eastern time on Tuesday, all four U.S. benchmark stock indexes (DJIA, SPX, COMP, RUT) are in positive territory.

Similarly, the crypto economy is recovering after experiencing some volatility immediately after the CPI was published, and it is up 0.7% today. While silver is down 1.23% at the time of writing, the price of gold per ounce has increased by 0.18% according to the New York Spot Price on Tuesday.