CryptoSlate· Oluwapelumi Adejumo·· 5d ago
Bitcoin faces Fed decision as US inflation data collection remains incomplete
Original source: CryptoSlateRead original
AI brief
The US Bureau of Labor Statistics collected 66.3% of targeted price observations in September, below the 67.6% recorded a year earlier, as data collection operations remain incomplete after 2025 staffing cuts. With September consumer prices rising 3.7% annually, the data shortfall adds uncertainty ahead of the Federal Reserve's October 27-28 policy meeting. Bitcoin showed sensitivity to inflation data in October, dropping over $1,800 following September's hotter-than-expected CPI release.
Source: CryptoSlate · cryptoslate.com