Mmastodon BusinessCrypto first seen 10 h ago, last 10 h ago, peak #2

US inflation surprises at 3.7%, rattling markets

Original: (US-Inflationsdaten CPI) 🔥 Höhere US-Inflation schockt die Märkte! Der September-CPI stieg auf 3,7 % (Erwartung 3,6 %),

US September CPI came in at 3.7% year-on-year, above the expected 3.6%, with core inflation at 2.6%. The hotter-than-expected reading lifted expectations of further Federal Reserve interest rate hikes. Investors worry the data pressures risk assets, with Bitcoin and other cryptocurrencies sliding in response to the news.

Why now: The hotter-than-expected inflation print strengthens the case for more Fed rate hikes, which traders fear will weigh on stocks and crypto.

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Evidence

• (US-Inflationsdaten CPI) 🔥 Höhere US-Inflation schockt die Märkte! Der September-CPI stieg auf 3,7 % (Erwartung 3,6 %), die Kerninflation auf 2,6 %. Das erhöht die Wahrscheinlichkeiten für weitere FED-Zinserhöhungen und setzt Krypto unter Druck. 🇺🇸📈 # Macro # FED # Bitcoin · crypto_schlingel

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