Hot US inflation raises odds of half-point Fed hike in December
Summary
Higher than expected US inflation in October has increased the likelihood of a larger interest rate increase by the Federal Reserve in December. This unexpected rise in consumer prices has also created growing worries among cryptocurrency investors regarding future market conditions.
US inflation came in above forecasts in October, increasing expectations of a bigger rate hike in December and raising concerns for crypto investors.
Source: Read the full story at Cointelegraph.com News
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