Hot US inflation raises odds of half-point Fed hike in December
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Bitcoin Falls as Hot US Inflation Fuels Fears of Bigger Fed Rate Hike
Bitcoin fell below $74,000 after October inflation beat forecasts, increasing pressure on the Federal Reserve to raise rates again at its December meeting.
Bitcoin Tests $81,000 as Rate Hike Fears Linger After Hot Inflation Data
Odds of an October Fed hike have climbed to 29% from 18% a week ago, and analysts see Bitcoin range-bound until the picture clears.
Bitcoin Rises as Markets Digest Inflation Data Ahead of Fed Rate Decision
Inflation 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.
Bitcoin Slides as Blowout Jobs Report Revives Fed Hike Odds
The Dow dropped 226 points and Bitcoin erased some of its gains after August payrolls tripled estimates, pushing September rate-hike odds to 58%.
Bitcoin Falls as Hot Inflation Puts a Fed Hike Back on the Table
September CPI hit 3.7%, above forecasts, sending Treasury yields higher and dragging crypto down with stocks.
Bitcoin Breakout Cools as Fed Rate-Hike Bets Climb
Bitcoin has slipped back below $85,000 after tagging an eight-month high near $87,400 last week, with rising odds of an October Fed hike taking some air out of the rally.