U.S. Wholesale Inflation Reaches 6.3% as Bitcoin Slips

U.S. wholesale inflation accelerated to 6.3% in September as gasoline producer prices jumped 20.3%, while Bitcoin (BTC) slipped but remained above $81,000. Prediction-market traders put a 72.5% probability on the Federal Reserve holding rates at its next meeting. Producer prices posted their largest jump since 2022. The gasoline increase was one reported component of the September update, while the 6.3% figure described the broader wholesale inflation reading. Bitcoin remained above $81,000 as it slipped, keeping the decline within that reported price level. The rate hold remained a market expectation, not a decision by the Fed.

Also reported by The Defiant, DailyCoin.

Source: TokenPost