Hot US inflation raises odds of half-point Fed hike in December
US inflation came in above forecasts in October, increasing expectations of a bigger rate hike in December and raising concerns for crypto investors.
Key Takeaways
- US inflation came in above forecasts in October, increasing expectations of a bigger rate hike in December and raising concerns for crypto investors.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Bitcoin Crashed 29% Before SpaceX’s IPO. Is Anthropic’s Debut Doing It Again?
Bitcoin slid below $73,000 days before Anthropic's IPO, echoing its drop before SpaceX listed. See what happened next. The post Bitcoin Crashed 29% Before SpaceX’s IPO. Is Anthropic’s Debut Doing It Again? appeared first on BeInCrypto.
Trump Media Reveals 4,359 Bitcoin Buy After the President Called Crypto Dangerous
Trump Media bought 4,359 Bitcoin in Q3, but nearly all 15,649 coins are pledged as $1 billion in notes face a cash test. The post Trump Media Reveals 4,359 Bitcoin Buy After the President Called Crypto Dangerous appeared first on BeInCrypto.
Bitcoin Falls as Hot US Inflation Fuels Fears of Bigger Fed Rate Hike
Bitcoin fell below $74,000 after October inflation beat forecasts, increasing pressure on the Federal Reserve to raise rates again at its December meeting.