The US Consumer Price Index (CPI) increased by 2.4% in September compared to last year. This rate is slightly above expectations and could lead to changes in the US Federal Reserve’s monetary policy.

Expectations were for the CPI to increase by 0.1% from August to September, but the actual rate was 0.2%. The core CPI increased by 0.3%.

These developments caused a small immediate drop in the price of Bitcoin. BTC fell by $500 from $61,250 to around $61,000. 📉

Experts say this data could halt the Fed’s rate cuts. 💡