The official US Consumer Price Index rose 0.4% month over month in October, exceeding the 0.3% forecast, while the index excluding food and energy climbed 0.3%, above the expected 0.2%. The Bureau of Labor Statistics did not publish an annual comparison because of missing data linked to the October 2025 US government shutdown. Bitcoin, already struggling to stay above $74,000, fell to $73,600, reaching multi-month lows. Markets now assign more than a 90% probability to a Federal Reserve rate hike at its final meeting of the year after September inflation reached 3.7% year over year, above the 3.6% forecast.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
