From TokenPost · · 40s
Bitcoin Markets Face Fed Hike Forecast
Economists predict December Fed rate hike as Bitcoin markets react to inflation data.
In brief
Economists predict December Fed rate hike as Bitcoin markets react to inflation data. Economists unanimously expect a December Federal Reserve rate increase amid rising U.S. inflation. Originally reported by TokenPost.
Economists Unanimous on December Hike
94 of 100 economists expected the Federal Reserve to keep its target range at 3.75%-4.00% at its October meeting.
All Forecast December Rate Increase
All 100 economists forecast a rate increase in December with the Fed raising its target range by 0.25 percentage point in September.
Inflation Data Shows Rising Costs
Consumer prices rose 3.7% from a year earlier with energy prices climbing 20.4% over the same period.
The headline
Economists unanimously expect a December Federal Reserve rate increase amid rising U.S. inflation.
