EconomyUS services price gauge hits four-year high, clouding Bitcoin’s rate-relief outlook
The US services prices index rose to 74.0 in September, its highest level since July 2022, while the services PMI and business activity slowed but remained in expansion. Broader cost pressures could make rate relief less certain, leaving leveraged Bitcoin positions exposed to tighter financing conditions and greater risk aversion.
US services price gauge hits four-year high, clouding Bitcoin’s rate-relief outlook
Economy