EconomyCPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma
U.S. consumer prices accelerated in August, with CPI up 0.4% from July and 3.4% year over year. Core CPI rose 0.3% monthly, while PPI increased 0.4% monthly and 5.4% annually. Energy drove much of the gains, but faster core inflation may help the Federal Reserve keep policy restrictive, prolonging costly borrowing for Bitcoin investors.
CPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma
Economy