U.S. CPI in October was higher than expected, core 0.3%, Davola raised 2-digit threshold for interest rate hike
U.S. CPI increased by 0.4% monthly in October, and core CPI increased by 0.3% monthly, both higher than expected. The core CPI increased by 0.3% for three consecutive months. Fed Governor Waller said earlier in the day that if the core rate is around 0.3% or higher, it would be time to consider raising interest rates by 2% in December. The 2-year U.S. Treasury yield jumped after the data was released, and Bitcoin fell below $74,000. This article U.S. CPI in October was higher than expected, core 0.3%, Davol raised interest rates to 2-digit threshold first appeared on Chain News ABMedia.
U.S. CPI in October was higher than expected, core 0.3%, Davola raised 2-digit threshold for interest rate hike
U.S. CPI increased by 0.4% monthly in October, and core CPI increased by 0.3% monthly, both higher than expected. The core CPI increased by 0.3% for three consecutive months. Fed Governor Waller said earlier in the day that if the core rate is around 0.3% or higher, it would be time to consider raising interest rates by 2% in December. The 2-year U.S. Treasury yield jumped after the data was released, and Bitcoin fell below $74,000. This article U.S. CPI in October was higher than expected, core 0.3%, Davol raised interest rates to 2-digit threshold first appeared on Chain News ABMedia.
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