Live updates: Bitcoin returns to $84,000, giving up early gains
Core PCE prices rose just 0.2% in August versus the 0.3% forecast, and were higher by 3% year-over-year versus the 3.3% estimate.
Source: CoinDesk
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DW NOTE
The 10-year yield is at 5.28%, not 5.20%. The Fed hiked two weeks ago. Oil's rising because the Strait of Hormuz has been shut for seven months and inventories are draining at 3 million barrels per day. The "sugar-high rally" already assumed all of that — it died because August inflation data changes nothing about September's supply crisis.