US CPI inflation hit 3.7% year-over-year in September 2026, beating the consensus estimate of 3.6%, while Core CPI rose to 2.6%, also above expectations. Energy remained the primary driver of the acceleration, with the energy expenditure index up 5.2% monthly and gasoline surging 9.1%. The probability of a Fed rate hike as early as October 28 jumped to 51.5% following the release, up from under 22% the day before. In response, Bitcoin fell below $82,400, Ethereum lost approximately 1% to around $2,475, and Solana dropped nearly 2% below $105.
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