CPI Rises Faster than Expected in September While Core Inflation Moderates; Bitcoin Falls as Rate Hikes Look More Likely
- CPI rose 0.4% in September, outpacing forecasts of 0.3%
- Year-over-year CPI was 3.7% in September, matching August
- Core CPI rose 0.3% against forecasts of 0.3%
- Bitcoin fell 1.2% to $26,770 following CPI data
- Fed minutes suggest policymakers agree on need for another rate hike before ending tightening
