Bitcoin fell to $81,150 after September inflation came in above forecasts, driving $944 million in crypto liquidations and pushing Fed rate-hike bets to 54%.
Tag: CPI
Posted inEconomy
US Consumer Prices Rise to 3.7% in September as Fuel Costs Dominate
US consumer prices rose 3.7% in September as a gasoline surge accounted for more than half the monthly gain, lifting fourth-hike bets at the Fed.
Posted inEconomy
US August CPI Holds at 3.4% as Gasoline Surge Keeps Fed Hike Odds at 69%
US consumer prices rose 0.4% in August, driven by a 3.9% jump in gasoline, leaving annual CPI at 3.4% and pushing Fed rate-hike odds to 69% ahead of the September 16 FOMC decision.
Posted inEconomy
US Inflation Holds at 3.4% in July as Energy Costs Drive Real Wages Negative
The July CPI rose 0.1% monthly and 3.4% annually, keeping inflation above the Fed’s 2% target and eroding real wages for a fourth consecutive month.
Posted inEconomy
US Inflation Falls Below 3% for First Time Since 2021
July 2026 US CPI came in at 2.9% year-over-year — the first sub-3% reading since 2021 — strengthening the case for a Federal Reserve rate cut at the September meeting.
Posted inEconomy
US inflation hits 4.2% in May as energy prices surge 23% year-on-year
Energy costs drove US headline inflation to 4.2% in May—the fastest pace since April 2023—raising the stakes for the Federal Reserve’s June 17 decision on interest rates.