Bitcoin Faces 2 December Rate Hikes as Japan’s Inflation Clears the BOJ’s Target
Japan’s core inflation rose above the Bank of Japan’s (BOJ) 2% target in September for the first time in nine months. That strengthens the case for a rate hike in December, when the Federal Reserve (Fed) is also expected to move. The BOJ is expected to hold next week. Its guidance on further hikes, though, The post Bitcoin Faces 2 December Rate Hikes as Japan’s Inflation Clears the BOJ’s Target appeared first on BeInCrypto.
Key Takeaways
- Japan’s core inflation rose above the Bank of Japan’s (BOJ) 2% target in September for the first time in nine months.
- That strengthens the case for a rate hike in December, when the Federal Reserve (Fed) is also expected to move.
- The BOJ is expected to hold next week.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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