U.S. CPI rose to 3.7%, adding further pressure to the easing scenario markets had been hoping for.
The U.S. Consumer Price Index rose 3.7% year over year and 0.6% month over month in September. Gasoline prices climbed 9.1% for the month, making them a major contributor to the overall increase in inflation. Higher-than-expected inflation could cool expectations for rate cuts and affect BTC through the U.S. dollar and Treasury yields. However, the next steps will still depend on employment data and the Fed’s comments.
Do you think high inflation will weigh on BTC, or has the market already priced in this data?
$BTC #美国9月CPI升至3.7%
The U.S. Consumer Price Index rose 3.7% year over year and 0.6% month over month in September. Gasoline prices climbed 9.1% for the month, making them a major contributor to the overall increase in inflation. Higher-than-expected inflation could cool expectations for rate cuts and affect BTC through the U.S. dollar and Treasury yields. However, the next steps will still depend on employment data and the Fed’s comments.
Do you think high inflation will weigh on BTC, or has the market already priced in this data?
$BTC #美国9月CPI升至3.7%