Live updates: Bitcoin gives up early gains as markets fully price in Fed rate hike
Core CPI rose a faster-than-forecast 0.3% in August, but the yearly pace of 2.4% was in line and the slowest rate since early 2021.
Source: CoinDesk
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DW NOTE
The Fed holds rates at 3.65% while oil hits $102 on a strait blockade now in its seventh month. Core CPI at 2.4% year-over-year is the slowest since early 2021, yet Bitcoin sold off anyway — because nothing says "haven asset" like dumping when energy supply contracts 4% and real rates stay negative.