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U.S. diesel prices hit record high as bitcoin and gold struggle

U.S. diesel prices hit record high as bitcoin and gold struggleWorldPing

Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock.

This is a short WorldPing brief. The full report was published by CoinDesk.

Read the full report at CoinDesk

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Bitcoin absorbs Fed rate hike as officials see more tighteningWorldPing
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Bitcoin absorbs Fed rate hike as officials see more tightening

Bitcoin showed little immediate reaction to the Fed’s first rate increase since 2023, but 16 of 18 officials expect at least one more hike before the end of the year.

Brief by WorldPing · Original reporting by Cointelegraph