US Inflation Hits 3.7%, Sinking Bitcoin and Gold: Will the Fed Hike in October?
macro
US inflation rose to 3.7%, strengthening expectations that the Federal Reserve may keep rates higher for longer or consider another hike. The report links the inflation reading to declines in Bitcoin and gold as markets reassessed monetary policy and risk appetite. For Bitcoin, persistent inflation and elevated rates could sustain near-term pressure, though the source does not establish that an October hike is certain.
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