$BTC December Hike Bets Strengthen
Markets were already pricing in a December rate hike. October inflation came in hotter than expected, adding weight to the case for tighter policy.
• CPI: +0.4% MoM, versus +0.3% expected and +0.6% previously.
• Core CPI: +0.3% MoM, versus +0.2% expected and +0.3% previously.
I still expect the price to rise in December, even though the BTC price is already falling toward the $72,800 mark. 📉
Markets were already pricing in a December rate hike. October inflation came in hotter than expected, adding weight to the case for tighter policy.
• CPI: +0.4% MoM, versus +0.3% expected and +0.6% previously.
• Core CPI: +0.3% MoM, versus +0.2% expected and +0.3% previously.
I still expect the price to rise in December, even though the BTC price is already falling toward the $72,800 mark. 📉
