US CPI Released: October Inflation Beats Expectations
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US October headline CPI rose 0.4% month-on-month, topping the 0.3% consensus, while core CPI climbed 0.3% versus the 0.2% forecast, signaling persistent inflation. The hotter print pressured risk assets, with Bitcoin falling below $73,500 as traders priced in higher odds of a Fed rate hike. The surprise matters because it complicates the disinflation narrative that has supported crypto and broader risk appetite in recent months. Markets will now watch Fed communication and upcoming inflation data for confirmation of whether price pressures are reaccelerating.
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Named in this story
US CPI, Federal Reserve, Bitcoin (BTC)
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