WorldPingInflation held at 3.4% and core cooled annually, but a hot monthly core reading kept Fed hike odds near 62% while crypto markets rallied broadly.
This is a short WorldPing brief. The full report was published by Decrypt.
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WorldPingRising yields, oil prices leave bitcoin vulnerable ahead of U.S. inflation report — full report at CoinDesk.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingBitcoin Magazine Bitcoin Price Spikes, Shrugs off Hot US Inflation Data The price of bitcoin is up, despite the fact that an interest rate hike could be just around the corner.
Brief by WorldPing · Original reporting by Bitcoin Magazine
Core CPI rose a faster-than-forecast 0.3% in August, but the yearly pace of 2.4% was in line and the slowest rate since early 2021.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingBitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingTraders could look past an expected Fed hike and weigh what higher rates are signaling about the economy.
Brief by WorldPing · Original reporting by CoinDesk
The survey's headline index hit a level of 47.8, down 7.5% from the August reading and off 13.2% from a year ago.
Brief by WorldPing · Original reporting by CNBC Markets
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