đ US inflation came in hotter than expected.
October CPI rose 0.4% MoM vs 0.3% expected, while core CPI increased 0.3% vs 0.2%.
Nasdaq 100 futures fell 1.5% after the data, while expectations for a December Fed rate hike jumped.
Peter Schiff also warned that US inflation could reach 5% in 2026 and exceed 7% in 2027.
$BTC #cpi #Inflation #Fed #Markets
October CPI rose 0.4% MoM vs 0.3% expected, while core CPI increased 0.3% vs 0.2%.
Nasdaq 100 futures fell 1.5% after the data, while expectations for a December Fed rate hike jumped.
Peter Schiff also warned that US inflation could reach 5% in 2026 and exceed 7% in 2027.
$BTC #cpi #Inflation #Fed #Markets
