Macro· ★★★★· bearish·

US September CPI rises to 3.7%, topping forecasts

  • —September CPI: +3.7% y/y vs 3.6% expected and 3.4% in August
  • —Core CPI: +2.6% y/y vs 2.5% expected, +0.3% m/m
  • —Headline CPI rose 0.6% m/m, in line with forecasts
  • —Inflation resumed rising after stabilizing at 3.4–3.5% over the summer
Why it matters: Hotter inflation lowers the odds of Fed easing, pressuring risk assets including bitcoin and the broader crypto market.
#BTC
Source: Bloomingbit
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