US inflation rises coming in at expected 2.6%, Bitcoin breaks over $89,000 again

Share This Post

The US Bureau of Labor Statistics released October’s Consumer Price Index data today. The annual inflation rate increased to 2.6% from the previous 2.4%, aligning with forecasts. Month-over-month, the inflation rate remained steady at 0.2%, matching prior figures and expectations.

The Core Inflation Rate, excluding food and energy prices, remained at 3.3% year over year and rose by 0.3% month over month, consistent with consensus estimates. These figures indicate that underlying inflation pressures remain stable.

US CPI data October (Source: TradingEconomics)
US CPI data October (Source: TradingEconomics)

Bitcoin rose 1.2% immediately after the data was released and is trading at $88,400 as of press time.

The post US inflation rises coming in at expected 2.6%, Bitcoin breaks over $89,000 again appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Optimism Grows for Solana ETF Approval Amidst Changing Market Dynamics

The post Optimism Grows for Solana ETF Approval Amidst Changing Market Dynamics appeared first on Coinpedia Fintech News As the regulatory and market dynamics change in favor of digital asset

Ripple CEO Reacts To Trump’s Billionaire Treasury Secretary Nominee

After weeks of intense speculation, incoming US President Donald Trump has named Scott Bessent his Treasury Secretary pick The drawn-out selection process has attracted many popular names, including

Flat Tax Frenzy: Americans Debate Tax Code Overhaul on X

Conversations about adopting a flat tax in the United States are lighting up the social media platform X 16 Million Words Too Many Department of Government Efficiency Sparks Flat Tax Debate The

Bitcoin Rally Benefits From US Buyers – Coinbase Premium Gap Reveals Strong Demand

Bitcoin has surged past the $99,800 mark, setting another all-time high as it inches closer to the psychological $100,000 milestone Despite briefly testing the level, BTC has yet to break through,

Bitcoin, ETH & XRP Price Prediction: Key Levels To Watch This Week!

The post Bitcoin, ETH & XRP Price Prediction: Key Levels To Watch This Week! appeared first on Coinpedia Fintech News Story Highlights Bitcoin price struggles to achieve the $100k mark and

Cameron Winkelvoss Calls for Inquiry Into SBF’s $100M Campaign Finance Breaches

The post Cameron Winkelvoss Calls for Inquiry Into SBF’s $100M Campaign Finance Breaches appeared first on Coinpedia Fintech News Cameron Winkelvoss, the Gemini co-founder and CEO, in a recent X