CPI is out
The U.S. October inflation data is in
Released at 9:30 p.m. Beijing time
Let’s see it together at 8:30 a.m. ET
Month over month, it rose 0.4%
Bloomberg survey expectations were around 0.3%
Core CPI was also up 0.3% month over month
Bloomberg survey expectations were around 0.2%
The previous month’s figure for September was up 0.6%
The previous core figure was 0.3%
Higher than the survey expected
But slower than September’s 0.6%
Officials still aren’t providing a year-over-year figure this time
Data for the same period last year was not collected
Hawkish voices will probably emerge again
$BTC is more likely to be whipsawed by these figures in the short term
Leave positions as they are for now
Hotter-than-expected data isn’t great for rate-hike pricing
$BTC
The U.S. October inflation data is in
Released at 9:30 p.m. Beijing time
Let’s see it together at 8:30 a.m. ET
Month over month, it rose 0.4%
Bloomberg survey expectations were around 0.3%
Core CPI was also up 0.3% month over month
Bloomberg survey expectations were around 0.2%
The previous month’s figure for September was up 0.6%
The previous core figure was 0.3%
Higher than the survey expected
But slower than September’s 0.6%
Officials still aren’t providing a year-over-year figure this time
Data for the same period last year was not collected
Hawkish voices will probably emerge again
$BTC is more likely to be whipsawed by these figures in the short term
Leave positions as they are for now
Hotter-than-expected data isn’t great for rate-hike pricing
$BTC
