Well, core CPI landed right at 0.3%.
October CPI, which we'd been waiting all day for, came in at 0.4% overall and 0.3% core—both 0.1 percentage point above expectations. I was hoping the numbers would come in a little cooler, but they landed right on the threshold Waller just set today: if core hits 0.3%, a 50-basis-point hike should be considered.
The probability of a rate hike in December is already above 96%. After the data came out, $BTC slid to around 73880, with a daily low of 73524.
PPI is due Friday, but the real main event is the December 9 rate decision.
$BTC #CPI
October CPI, which we'd been waiting all day for, came in at 0.4% overall and 0.3% core—both 0.1 percentage point above expectations. I was hoping the numbers would come in a little cooler, but they landed right on the threshold Waller just set today: if core hits 0.3%, a 50-basis-point hike should be considered.
The probability of a rate hike in December is already above 96%. After the data came out, $BTC slid to around 73880, with a daily low of 73524.
PPI is due Friday, but the real main event is the December 9 rate decision.
$BTC #CPI