🐉 US October CPI Comes In Hot, December Hike Now Near Certain
👉 Headline CPI rises 0.4% month on month, above the 0.3% expected and slower than September's 0.6%
👉 Core CPI rises 0.3% for a third month in a row, above the 0.2% forecast
👉 No year on year rate this time, BLS could not publish it because October 2025 prices were never collected during last year's shutdown
👉 Traders now price a near certain quarter point Fed hike on Dec 9, taking rates to 4.00% to 4.25%
👉 BTC slips from around $74,500 before the release to near $73,900 after, as the hot print lifts rate hike bets
#BinanceSquare #CPI #Bitcoin #Macro #Crypto
Hot inflation, hawkish Fed repricing, crypto stays under pressure.
👉 Headline CPI rises 0.4% month on month, above the 0.3% expected and slower than September's 0.6%
👉 Core CPI rises 0.3% for a third month in a row, above the 0.2% forecast
👉 No year on year rate this time, BLS could not publish it because October 2025 prices were never collected during last year's shutdown
👉 Traders now price a near certain quarter point Fed hike on Dec 9, taking rates to 4.00% to 4.25%
👉 BTC slips from around $74,500 before the release to near $73,900 after, as the hot print lifts rate hike bets
#BinanceSquare #CPI #Bitcoin #Macro #Crypto
Hot inflation, hawkish Fed repricing, crypto stays under pressure.