Why Markets Are Dumping: Sticky Inflation Hits Bitcoin
Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/progrouptraders Here's the actual inflation data, broken down to sectors and why some fields are doing much worse than others. September’s hotter-than-expected CPI report reignited fears that inflation is rising again, especially since the 3.7% annual increase was considerably larger than the 3.4% in August. Core CPI also rose to 2.6% year over year, above expectations and up from 2.4% the month prior. Gasoline jumped 9.1% in September alone, while shelter, airline fares, medical care, apparel, and other categories also moved higher. This is what experts mean by sticky inflation: price pressures aren’t disappearing even after years of restrictive monetary policy. More importantly, they are spreading beyond one volatile category such as energy. Why So Bad for Markets Analysts at the K...