US SEPTEMBER CPI 🇺🇸
> CPI YoY: 3.7% (Forecast: 3.6% | Previous: 3.4%)
> CPI MoM: 0.6% (Forecast: 0.6% | Previous: 0.4%)
> Core CPI YoY: 2.6% (Forecast: 2.5% | Previous: 2.4%)
> Core CPI MoM: 0.3% (Forecast: 0.2% | Previous: 0.3%)
👉 Inflation came in above expectations, raising expectations of a Fed rate hike. Bitcoin dropped below $83K.
⚠️ September PPI data is due tomorrow evening. With inflation news affecting price action, we need to stay cautious and keep watching the market’s reaction. $BTC #CPIWatch
> CPI YoY: 3.7% (Forecast: 3.6% | Previous: 3.4%)
> CPI MoM: 0.6% (Forecast: 0.6% | Previous: 0.4%)
> Core CPI YoY: 2.6% (Forecast: 2.5% | Previous: 2.4%)
> Core CPI MoM: 0.3% (Forecast: 0.2% | Previous: 0.3%)
👉 Inflation came in above expectations, raising expectations of a Fed rate hike. Bitcoin dropped below $83K.
⚠️ September PPI data is due tomorrow evening. With inflation news affecting price action, we need to stay cautious and keep watching the market’s reaction. $BTC #CPIWatch