In my opinion, this small miss against expectations is not enough to say that inflation is cooling down. While the PPI came in slightly below forecasts, it still increased compared to the previous month.
I think the Fed will remain cautious before making its next decision. Inflation is important, but the labor market and overall economic conditions also matter.
For the crypto market, I believe we should pay close attention to the Fed's next move. Higher interest rates could put pressure on risk assets like Bitcoin, but that doesn't necessarily mean the market will move in one direction.
What do you think? Will the Fed continue with a rate hike in December, or will it take a more cautious approach?
BTC
66,968
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