【Inflation beats expectations again! Fed rate hike in December is all but certain; Bitcoin falls below 74,000】
U.S. October CPI rose 0.4% month over month, while core CPI rose 0.3%, both above expectations of 0.3% and 0.2%, respectively. Interest rate markets are no longer betting that rates will remain unchanged on December 9; a 25-basis-point hike is now the consensus expectation, with about a 15% chance of a 50-basis-point hike. Bitcoin subsequently fell as low as around $73,600.
$BTC
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