CPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma
US consumer prices increased faster in August, giving the Federal Reserve another reason to be cautious about lowering interest rates and leaving Bitcoin investors exposed to a prolonged period of expensive borrowing. The Consumer Price Index (CPI) rose 0.4% from July, when it increased 0.1%, while the annual inflation rate held at 3.4%. Excluding food […] The post CPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma appeared first on CryptoSlate.
Key Takeaways
- US consumer prices increased faster in August, giving the Federal Reserve another reason to be cautious about lowering interest rates and leaving Bitcoin investors exposed to a prolonged period of expensive borrowing.
- The Consumer Price Index (CPI) rose 0.4% from July, when it increased 0.1%, while the annual inflation rate held at 3.4%.
- Excluding food […] The post CPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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