The latest inflation data settle the debate completely and confirm a rate hike in December. 🚨
Before the data was released, the odds of a 25-basis-point hike were 99%.
Falling inflation was the only hope for holding rates steady, but it didn’t happen.
The Consumer Price Index rose 0.4% month over month, exceeding expectations of 0.3%.
The core index also came in at 0.3%, compared with expectations of just 0.2%.
Even excluding energy, inflation continues to rise sharply.
These figures give the Fed complete freedom to raise interest rates.
The upcoming monetary tightening could put pressure on crypto market liquidity once again.
#Crypto #Bitcoin #FOMC
Before the data was released, the odds of a 25-basis-point hike were 99%.
Falling inflation was the only hope for holding rates steady, but it didn’t happen.
The Consumer Price Index rose 0.4% month over month, exceeding expectations of 0.3%.
The core index also came in at 0.3%, compared with expectations of just 0.2%.
Even excluding energy, inflation continues to rise sharply.
These figures give the Fed complete freedom to raise interest rates.
The upcoming monetary tightening could put pressure on crypto market liquidity once again.
#Crypto #Bitcoin #FOMC
