Macro· ★★★· bearish·

US diesel hits nominal record $6.53 a gallon, posing new inflation test for Bitcoin

  • —Diesel climbed to $6.529 a gallon, up 24.4 cents in a week
  • —US distillate stocks fell to 107.431 million barrels
  • —Diesel producer prices jumped 24.1% in August from July
  • —The Fed raised its target range to 3.75%–4% on Sept. 16
Why it matters: Sustained fuel and freight inflation could keep Fed rates elevated longer, pressuring Bitcoin and risk assets.
#BTC
Source: CryptoSlate
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