U.S. CPI rose 0.4% in October, above forecasts
According to the U.S. Bureau of Labor Statistics (BLS):
• The Consumer Price Index (CPI) rose 0.4% in October from the previous month (seasonally adjusted), down from 0.6% in September but above the 0.3% forecast
• Core CPI (excluding food and energy) rose 0.3%, above the 0.2% forecast
• Housing rose 0.3%, accounting for more than 30% of the overall increase; food rose 0.5% and energy rose 0.7%
• The BLS did not publish the year-over-year increase because October 2025 data was unavailable due to last year's government shutdown
Context:
• Before the data was released, markets had priced in a near-certain Fed rate hike in December
• Fed Governor Christopher Waller said a 50-basis-point hike should be considered if inflation is higher than forecast
• According to CoinDesk, $BTC fell about 1% further to around $73,600 after the data was released
Sources: BLS, CoinDesk, CNBC
This is news, not investment advice.
#CPI #Fed #BTC
According to the U.S. Bureau of Labor Statistics (BLS):
• The Consumer Price Index (CPI) rose 0.4% in October from the previous month (seasonally adjusted), down from 0.6% in September but above the 0.3% forecast
• Core CPI (excluding food and energy) rose 0.3%, above the 0.2% forecast
• Housing rose 0.3%, accounting for more than 30% of the overall increase; food rose 0.5% and energy rose 0.7%
• The BLS did not publish the year-over-year increase because October 2025 data was unavailable due to last year's government shutdown
Context:
• Before the data was released, markets had priced in a near-certain Fed rate hike in December
• Fed Governor Christopher Waller said a 50-basis-point hike should be considered if inflation is higher than forecast
• According to CoinDesk, $BTC fell about 1% further to around $73,600 after the data was released
Sources: BLS, CoinDesk, CNBC
This is news, not investment advice.
#CPI #Fed #BTC