Federal Reserve (FED) · Bitcoin · CoinDesk
The Federal Reserve looks increasingly likely to raise rates next week after the hot core CPI reading Friday
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Core CPI rose 0.3% in August, above the 0.2% economists expected.
Key facts
- Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume
- Bitcoin, though, rose following the report, currently at $78,600, up 1.5% over the past 24 hours
- Core CPI rose 0.3% in August, above the 0.2% economists expected
- Mena also pointed to gains in ether ETH $ 2,511.60 and solana (SOL) as a sign that traders haven't backed away from crypto risk
Summary
A September Fed rate hike is largely priced in, which LMAX says could limit the market reaction if policymakers deliver as expected. Bitcoin and gold rose after the CPI report, a move Risk Dimensions says reflects concerns about inflation and U.S. policy credibility. A surprise Fed hold could produce the bigger move, with LMAX seeing the potential for a stronger rally in bitcoin and other risk assets. The Federal Reserve looks increasingly likely to raise rates next week after the hot core CPI reading Friday.