đš US INFLATION RISES â WILL THE FED TURN MORE HAWKISH?
$BTC
US CPI reportedly climbed to 3.7% in September, beating the 3.6% forecast and rising from 3.4% the previous month.
✠Energy costs are adding pressure:
Gasoline prices jumped 9.1% in one month.
Shelter costs increased by 0.4%.
Services excluding energy also rose 0.4%.
đ These figures could strengthen concerns about persistent inflation and keep the Federal Reserve cautious about cutting interest rates.
đŠ Why does this matter for crypto?
Higher interest rates can tighten financial conditions and reduce liquidity, potentially putting short-term pressure on Bitcoin and altcoins.
đ Will rising inflation trigger another Fed rate hike, or can crypto withstand the pressure?
#CPI #FederalReserve #Inflation #Bitcoin
$BTC
US CPI reportedly climbed to 3.7% in September, beating the 3.6% forecast and rising from 3.4% the previous month.
✠Energy costs are adding pressure:
Gasoline prices jumped 9.1% in one month.
Shelter costs increased by 0.4%.
Services excluding energy also rose 0.4%.
đ These figures could strengthen concerns about persistent inflation and keep the Federal Reserve cautious about cutting interest rates.
đŠ Why does this matter for crypto?
Higher interest rates can tighten financial conditions and reduce liquidity, potentially putting short-term pressure on Bitcoin and altcoins.
đ Will rising inflation trigger another Fed rate hike, or can crypto withstand the pressure?
#CPI #FederalReserve #Inflation #Bitcoin