US services price gauge hits a four-year high, clouding Bitcoin’s rate-relief outlook

A U.S. services-price gauge rose to its highest level in four years, signaling persistent inflation in a major part of the economy. That could make the Federal Reserve more cautious about cutting interest rates, reducing the near-term prospect of monetary relief that has supported Bitcoin. The data clouds Bitcoin’s rate outlook, though it does not by itself determine the Fed’s next move or Bitcoin’s direction.