CoinShares’ market report said U.S. CPI rose 0.6% month over month and 3.7% year over year in September, above the 3.6% market forecast. According to ChainCatcher, gasoline prices climbed 9.1% during the month, accounting for about half of the overall increase, while core CPI rose 0.3% month over month and 2.6% year over year.
U.S. retail sales increased 0.8% in September, exceeding expectations of about 0.3%, and the August figure was revised up to 1.3%. Excluding gasoline, retail sales rose just 0.2%, down from 1% in August. The report said inflation remained elevated and economic demand resilient, prompting markets to reprice Federal Reserve policy more hawkishly and weighing on Bitcoin and the broader digital asset market. Global digital asset investment products recorded $434 million in outflows week to date.
As of October 15, Polymarket data showed a roughly 75% probability that the Federal Reserve would leave rates unchanged at its October meeting and about a 25% probability of a 25-basis-point hike. After the CPI release, futures markets shifted notably in a hawkish direction, with expectations of another rate increase this year rising substantially.
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U.S. retail sales increased 0.8% in September, exceeding expectations of about 0.3%, and the August figure was revised up to 1.3%. Excluding gasoline, retail sales rose just 0.2%, down from 1% in August. The report said inflation remained elevated and economic demand resilient, prompting markets to reprice Federal Reserve policy more hawkishly and weighing on Bitcoin and the broader digital asset market. Global digital asset investment products recorded $434 million in outflows week to date.
As of October 15, Polymarket data showed a roughly 75% probability that the Federal Reserve would leave rates unchanged at its October meeting and about a 25% probability of a 25-basis-point hike. After the CPI release, futures markets shifted notably in a hawkish direction, with expectations of another rate increase this year rising substantially.
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