[CoinDesk] U.S. CPI rose stronger than expected 0.4% in October; core rate rose 0.3%

U.S. October CPI rose 0.4%, exceeding expectations, while the core rate increased 0.3%, signaling persistent inflation pressure. Ahead of the release, traders had fully priced in a Federal Reserve rate hike at the December meeting, underscoring market sensitivity to inflation data. The stronger-than-expected print matters because it reinforces the case for tighter monetary policy, which typically weighs on risk assets including cryptocurrencies. Watch the December Fed meeting for confirmation of the anticipated hike and any guidance on the pace of future tightening.