US CPI Comes In At 2.6%, Bitcoin & Altcoins To Retreat?

Coingape11-13

Highlights The US CPI inflation comes in at 2.6%, its first increase in eight months. The Core CPI remained unchanged at 3.3% in October. The hotter than anticipated data has sparked concerns over a ...

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Notably, the market participants were also anticipating the inflation figures to come in hotter, which has so far kept the investors on the sideline today. This robust figure has also sparked concerns over the Fed’s potential move with their monetary policy plans ahead.Besides, it also triggered discussions over its potential impact on Bitcoin and the altcoin prices.These hotter-than-expected CPI inflation figures have sparked concerns over the US Fed’s next move with their monetary policy plans. As the figures are closely monitored by the central bank, it is expected that this figure would pave the way for a potential hawkis","collect":0,"end_time":0,"defaultTopTitle":"coingape.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"美国CPI为2.6%，比特币和山寨币将回落？","themeId":"75baef87fb41b7ee1db8f6ea2c215555","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Highlights\n\nThe US CPI inflation comes in at 2.6%, its first increase in eight months.\nThe Core CPI remained unchanged at 3.3% in October.\nThe hotter than anticipated data has sparked concerns over a hawkish move by the US Fed ahead.\n\n\nThe latest data showed that the US CPI inflation comes in at 2.6%, a surge from 2.4% noted in September, sparking discussions in the crypto market. Notably, the market participants were also anticipating the inflation figures to come in hotter, which has so far kept the investors on the sideline today. This robust figure has also sparked concerns over the Fed’s potential move with their monetary policy plans ahead.Besides, it also triggered discussions over its potential impact on Bitcoin and the altcoin prices.\nadvertisement \nUS CPI Comes In At 2.6%\nAccording to the latest Labor Department report, the US CPI inflation comes in at 0.2% in October, unchanged from the previous month’s figure. However, on a year-over-year basis, the inflation figure came in at 2.6%, a surge from the 2.4% figure noted in the prior month. This YoY surge marks the first increase in the last eight months, sparking market concerns.Simultaneously, the Core CPI, which excludes the food and energy prices, was at 0.3% in October, unchanged from the prior month’s reading and in line with the market expectations. In addition, the Core CPI on a YoY basis also remained unchanged at 3.3%.\nThese hotter-than-expected CPI inflation figures have sparked concerns over the US Fed’s next move with their monetary policy plans. As the figures are closely monitored by the central bank, it is expected that this figure would pave the way for a potential hawkish path by the Fed ahead. Besides, it can also weigh on the investors’ sentiment, which in turn could impact the Bitcoin and altcoins prices.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"Economic Data","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483888488"}