U.S. Inflation Rises 3.7% as Fed Meeting Approaches This Week

U.S. consumer prices, as measured by the CPI for All Urban Consumers, were 3.7% higher in September than a year earlier. The annual reading comes ahead of the Federal Open Market Committee’s scheduled two-day meeting on Oct. 27-28. The inflation figure and the Fed calendar provide economic context, but they do not establish a connection between the September reading and any specific price move in Bitcoin (BTC), Ether (ETH) or other crypto assets. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost