US Wholesale Inflation Accelerates to 6.3% as Bitcoin Slips

US wholesale inflation accelerated to 6.3% in September, with gasoline producer prices surging 20.3%, signaling persistent price pressures. Polymarket traders now assign a 72.5% probability to the Fed holding rates steady at its next meeting, reducing hopes for near-term rate cuts. Bitcoin slipped on the news as traders weighed the prospect of tighter-for-longer monetary policy, which typically pressures risk assets like crypto.