🔥 US CPI HOTTER THAN EXPECTED — DEC HIKE NOW ALMOST LOCKED IN*
US Consumer Prices rose *+0.4% MoM* in October vs +0.3% expected.
Core CPI: *+0.3% MoM* vs +0.2% expected — 3rd straight month at 0.3%
No YoY number this time — BLS couldn't collect Oct 2025 data during last year's shutdown.
What does it mean?
CME FedWatch before the release:
*98.9% chance of 25bp hike in December*
*1.1% chance of 50bp hike*
*0% chance of hold*
And Waller just warned: if core prints 0.3%+, "more robust action" may be needed.
BTC dipped, Gold dropped 2%+ on the print.
Next stop: *PPI Friday* → then *FOMC Dec 9*
#CPI #FED #Bitcoin #BTC #Crypto $BTC
US Consumer Prices rose *+0.4% MoM* in October vs +0.3% expected.
Core CPI: *+0.3% MoM* vs +0.2% expected — 3rd straight month at 0.3%
No YoY number this time — BLS couldn't collect Oct 2025 data during last year's shutdown.
What does it mean?
CME FedWatch before the release:
*98.9% chance of 25bp hike in December*
*1.1% chance of 50bp hike*
*0% chance of hold*
And Waller just warned: if core prints 0.3%+, "more robust action" may be needed.
BTC dipped, Gold dropped 2%+ on the print.
Next stop: *PPI Friday* → then *FOMC Dec 9*
#CPI #FED #Bitcoin #BTC #Crypto $BTC
