EconomyBitcoin faces new inflation test as diesel reaches nominal record of $6.53
U.S. on-highway diesel rose to $6.529 a gallon on Sept. 21, up 24.4 cents in a week and setting another nominal record. Falling distillate inventories and tight global supply raise the risk of higher freight costs. If fuel and shipping prices keep inflation elevated, investors may expect the Federal Reserve to hold rates higher for longer, potentially weighing on Bitcoin.
Bitcoin faces new inflation test as diesel reaches nominal record of $6.53
Economy