US Consumer Prices Rise 0.4% in October Above a 0.3% Forecast
Good Morning Lions,
Inflation ran hot in October, hours after Waller opened the door to a bigger December hike. BUT his trigger was a hot CORE reading... and the coverage so far skips the core figure. I believe that gap matters more for BTC than the headline does. If you're running leverage, the missing number is your real risk. So, I expect choppy days until it surfaces.
US Consumer Prices Rise 0.4% in October
TL;DR: US consumer prices rose 0.4% in October, above the 0.3% forecast. The report landed hours after Fed Governor Christopher Waller said another hot core reading could justify weighing a half-point rate hike in December.
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The Fed's December decision settles this one. Either Waller gets the bigger hike he floated or the committee sticks with a smaller step, and until that call lands, every core inflation number counts double. Stay sharp, Lions 🫡 — Khal
More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.
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