US inflation rises to 3.7 percent, core rate above forecast: what matters now for Bitcoin

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.US consumer prices rose 3.7 percent in September, and the core rate 2.6 percent. Both figures came in above forecast, two weeks before the Fed decision on October 28.US consumer prices rose 3.7 percent in September against the previous year. Economists had expected 3.6 percent. The core rate, which excludes energy and food, rose 2.6 percent and was therefore also above the forecast of 2.5 percent. For the crypto market this is the last inflation reading before the Federal Reserve's rate decision on October 28. Bitcoin trades at around $82,880 after the figure, barely moving from where it stood before publication. What is decisive for the coming two weeks is not the 3.7 percent headline but the gap between the two readings. It comes to 1.1 percentage points, which is unusually wide. Anyone who wants to know what the Fed will do on October 28 looks at the smaller of the two numbers. US consumer prices at 3.7 percent: the figures in detail The Bureau of Labor Statistics, the statis...