🇺🇸 US inflation came in hot. Here's why crypto felt it
🔹 October CPI (released Nov 10): +0.4% for the month vs 0.3% expected
🔹 Core CPI: +0.3% vs 0.2% expected
🔹 Fed Governor Waller still backs a December rate hike, and said a core print of 0.3% or more could argue for 50 basis points
🔹 CME FedWatch odds of a December hike jumped to about 96% after his remarks
🔹 US 10-year yield is near 5%; the dollar index rose 0.55%
🔹 Nasdaq -0.74% on Tuesday; $BTC fell about 2% to below 74,000
Coming up: October PPI on Fri Nov 13, then the Fed meeting on Dec 8–9.
Simple version: higher rates make cash and bonds pay more, so money leaves risky assets like crypto.
Will Friday's PPI make things worse or calm the market? 👇
📷 Photo: Donald Giannatti / Unsplash
🔹 October CPI (released Nov 10): +0.4% for the month vs 0.3% expected
🔹 Core CPI: +0.3% vs 0.2% expected
🔹 Fed Governor Waller still backs a December rate hike, and said a core print of 0.3% or more could argue for 50 basis points
🔹 CME FedWatch odds of a December hike jumped to about 96% after his remarks
🔹 US 10-year yield is near 5%; the dollar index rose 0.55%
🔹 Nasdaq -0.74% on Tuesday; $BTC fell about 2% to below 74,000
Coming up: October PPI on Fri Nov 13, then the Fed meeting on Dec 8–9.
Simple version: higher rates make cash and bonds pay more, so money leaves risky assets like crypto.
Will Friday's PPI make things worse or calm the market? 👇
📷 Photo: Donald Giannatti / Unsplash
