The US Consumer Price Index (CPI) rose 0.4% in October, exceeding market expectations. This development bolsters the case for a December rate hike by the Federal Reserve. The core rate, which excludes volatile food and energy prices, also increased by 0.3%.
Source
"US Consumer Price Index Surpasses Expectations" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
