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Door Remote - 14 Oct 2026
U.S. inflation sped up more than expected in September, perhaps putting multiple Federal Reserve rate hikes back into play.
The September Consumer Price Index rose 0.6%, according to a Wednesday morning report from the Bureau of Labor Statistics. That’s up from 0.4% in August, and in line with economist forecasts for 0.6%.
On a year-over-year basis, however, CPI rose 3.7% versus 3.4% in August and above estimates for 3.6%.
Core CPI — which strips out food and energy costs — also disappointed, rising 0.3% in September. That was the same pace as August, but above consensus forecasts for 0.2%.
Year-over-year core CPI was higher by 2.6% versus 2.4% the previous month and above estimates for 2.5%.
Bitcoin BTC$81,499.86 dropped $1,000 on the news, now trading at $82,800.
The bond market is getting crushed, the 10-year U.S. Treasury yield jumping 9.3 basis points to 5.308%, and the 2-year yield soaring 13.1 basis points to 4.924%.
Nasdaq 100 futures are lower by 0.65% and S&P 500 futures by 0.3%. Gold has slumped 1.5% to $4,116 per ounce.
The September Consumer Price Index rose 0.6%, according to a Wednesday morning report from the Bureau of Labor Statistics. That’s up from 0.4% in August, and in line with economist forecasts for 0.6%.
On a year-over-year basis, however, CPI rose 3.7% versus 3.4% in August and above estimates for 3.6%.
Core CPI — which strips out food and energy costs — also disappointed, rising 0.3% in September. That was the same pace as August, but above consensus forecasts for 0.2%.
Year-over-year core CPI was higher by 2.6% versus 2.4% the previous month and above estimates for 2.5%.
Bitcoin BTC$81,499.86 dropped $1,000 on the news, now trading at $82,800.
The bond market is getting crushed, the 10-year U.S. Treasury yield jumping 9.3 basis points to 5.308%, and the 2-year yield soaring 13.1 basis points to 4.924%.
Nasdaq 100 futures are lower by 0.65% and S&P 500 futures by 0.3%. Gold has slumped 1.5% to $4,116 per ounce.