U.S. September CPI Rises 3.7%, Topping Estimates… Bitcoin Retreats to $81,500
U.S. September CPI rose 3.7% year-over-year, exceeding market expectations. Core CPI also came in at 2.6%, above forecasts. Energy prices surged 5.2% month-over-month, accounting for more than half of the inflation increase. Bitcoin fell as much as 2.3% to the $81,500 level. Korea Investment & Securities projected that upward inflation pressure will persist through year-end based on oil price and refining margin outlooks. Markets are closely watching how this data will affect the Federal Reserve's rate policy.$NVDAB $AAPLB $MSFTB
#CPI_DATA
U.S. September CPI rose 3.7% year-over-year, exceeding market expectations. Core CPI also came in at 2.6%, above forecasts. Energy prices surged 5.2% month-over-month, accounting for more than half of the inflation increase. Bitcoin fell as much as 2.3% to the $81,500 level. Korea Investment & Securities projected that upward inflation pressure will persist through year-end based on oil price and refining margin outlooks. Markets are closely watching how this data will affect the Federal Reserve's rate policy.$NVDAB $AAPLB $MSFTB
#CPI_DATA