The Bureau of Labor Statistics collected only 66.3% of targeted price observations in September, compared with 65.9% in August and 67.6% a year earlier, as its operational recovery remains incomplete. This uncertainty comes after annual consumer prices rose 3.7% in September, up from 3.4% in August, while producer prices increased 1.3%. Bitcoin fell from about $83,800 to below $82,000 following the release, and the $80,000-to-$82,000 area has become a critical support range amid elevated Treasury yields. Interest-rate markets priced in an almost 80% probability of a December rate increase, while Bitcoin’s one-month implied volatility stood near 35%. However, the Bureau of Labor Statistics has identified no directional bias indicating that its inflation estimates are systematically understated or overstated.
Source: Read the original article
