U.S. wholesale prices climbed 1.3% in September, the sharpest monthly gain since March 2022, with the annual PPI reaching 6.3%. Energy accounted for more than 80% of the increase in goods prices, as final-demand energy prices rose 10.8% in a single month. Despite these hot inflation figures, Bitcoin held around $81,000, slipping only about 0.4% after the data release. Fed rate futures currently price approximately 72.5% odds of the central bank holding rates steady at its October meeting.
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