Inflation Comes in Hotter Than Expected at 3.7%, Keeping Fed Hike Bets Alive (UPDATED)
U.S. consumer prices rose 3.7% in September against 3.6% expected, core CPI at 2.6%. What the report means for an October Fed hike.
Crypto · News reference
Michael Saylor sees Bitcoin topping $100,000 as Strategy keeps buying but remains open to selling when it benefits shareholders.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
U.S. consumer prices rose 3.7% in September against 3.6% expected, core CPI at 2.6%. What the report means for an October Fed hike.
Bitcoin rises alongside the dollar, suggesting capital shifts to U.S. markets; Treasury buybacks and new financial infrastructure may boost BTC.
Economist Peter Schiff said the world is headed toward a major "debt crisis," one that could force governments to default on their obligations.
Michael Saylor, Executive Chair of Strategy Inc., said Tuesday, October 13, that the company could increase its Bitcoin holdings in the run-up to an expected bull market.
Leading cryptocurrencies posted steady gains on Tuesday, October 13, as investors awaited September’s consumer inflation data against a backdrop of elevated oil prices.
Mark Yusko puts Bitcoin’s fair value at $105,000 but expects a slow climb as the market shifts into accumulation.