US producer prices reach 6.5% as bitcoin and ether edge higher
MARKETSFederal Reservecoinbrief/daily · 1 source
- Severity
- Low
- Sources
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What happened
US inflation figures came in below what forecasters expected, but the headline says producer prices reached 6.5%. Bitcoin and ether rose slightly as a result. Markets still expect the US central bank to raise interest rates in December.
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What to do
- Watch the Federal Reserve's December policy decision, which rate markets currently expect to include a hike.
Written by AI from the sources, checked against them
Full story timeline · 1 update
- Sat 14 NovemberUS PPI Hits 6.5% as Bitcoin and Ether Edge HigherThe Defiant
Who reported · 1 outlet
The Defiant
Who and what is in it
Government agencies