[CoinDesk] Bitcoin slips before U.S. inflation report as traders price in Fed rate increase

Bitcoin slipped ahead of the U.S. inflation report as traders priced in another Federal Reserve rate increase, with Fed Governor Waller backing December tightening even if inflation cools. Falling oil prices offered some relief to risk assets, while Anthropic withdrew its IPO pricing details. The moves matter because rate expectations remain the dominant driver of crypto liquidity and risk appetite into year-end. Traders will watch the inflation print and Fed commentary for direction on whether tightening expectations intensify further.