US Wholesale Inflation Hits 6.3%, Putting the Fed on the Spot
U.S. wholesale inflation delivered a nasty surprise on Oct. 15, with September producer prices climbing 1.3% monthly and 6.3% annually, both substantially above forecasts. Energy costs led the advance, including a 20.3% monthly increase in gasoline prices. Yet despite consecutive inflation shocks, Polymarket traders still assigned a 72% probability to the Federal Reserve leaving interest […]
US producer prices rose 1.3% in September and 6.3% year-over-year, both well above forecasts, with gasoline up 20.3% on the month. The hot wholesale inflation print complicates the Federal Reserve's rate path, even as Polymarket traders still price a 72% chance of a hold. Crypto traders care because persistent inflation can keep rates higher for longer, pressuring risk assets like bitcoin.
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1H AGOThe Defiant · Score 65 · via 6.3%, Wholesale Inflation
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1H AGOYou’re reading thisUS Wholesale Inflation Hits 6.3%, Putting the Fed on the SpotBitcoin.com News · Score 72
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18H AGOCryptoSlate · Score 72 · via 3.7%, hike
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22H AGOThe Block · Score 75 · via Fed hike, hike
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14 OCT · 15:00CryptoSlate · Score 85 · via Fed hike, hike
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14 OCT · 14:51Decrypt · Score 75 · via Fed Hike, 3.7%
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14 OCT · 14:30Bitcoin Magazine · Score 55 · via US Inflation, gasoline
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14 OCT · 13:50Bitcoin.com News · Score 75 · via Gasoline, 3.7%
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14 OCT · 12:59The Defiant · Score 75 · via Inflation Accelerates, Gasoline
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14 OCT · 12:35BeInCrypto · Score 75 · via 3.7%, US Inflation
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14 OCT · 10:51CoinDesk · Score 25 · via inflation data, $83,000
