US CPI Released: October Inflation Beats Expectations

The post US CPI Released: October Inflation Beats Expectations appeared first on Coinpedia Fintech News

U.S. inflation came in hotter than economists expected in October, with headline CPI rising 0.4% month-on-month, above the 0.3% forecast. Core CPI also increased 0.3%, beating the 0.2% expectation.  This has pressured markets, with Bitcoin falling below $73,500 as the odds of a Fed rate hike surged. October CPI Comes in Hotter Than Expected The …