US September CPI rises 3.7% annually as bitcoin drops to $82,800
CIE News ·
According to CoinDesk, September CPI climbed 0.6% on the month and 3.7% annually, exceeding estimates and pushing Bitcoin down $1,000 to trade at $82,800.
The U.S. Consumer Price Index climbed 0.6% in September, matching economist forecasts and rising from 0.4% in August, according to a Bureau of Labor Statistics report cited by CoinDesk. Year-over-year CPI reached 3.7%, outpacing both the 3.4% level seen in August and the 3.6% forecast. Core CPI, which excludes food and energy prices, increased 0.3% month-over-month to top projections of 0.2%, bringing annual core inflation to 2.6% against an expected 2.5%.
Bitcoin (BTC) dropped $1,000 following the announcement and traded around $82,800, according to CoinDesk. Yields on U.S. Treasuries advanced alongside the release, with the 10-year yield increasing 9.3 basis points to 5.308% and the 2-year yield gaining 13.1 basis points to 4.924%. Nasdaq 100 futures slid 0.65%, S&P 500 futures fell 0.3%, and gold declined 1.5% to $4,116 per ounce.