Roundup: Inflation Data, Fed Outlook, & Bitcoin Derivatives
Dylan LeClair | Guest Contributor
Nov 16, 2023
Hi all,
This is Dylan LeClair, presenting this week’s Onramp Weekly Roundup.
Before we get started… If you’re a HNWI or Institution looking for the best way to get exposure to bitcoin, Onramp Bitcoin could be the right fit for you – schedule a chat with us to discuss your situation & needs.
And now, here’s the weekly roundup…
Inflation Eases, Fed Rate Hike Outlook Shifts
The US Consumer Price Index (CPI) for October showed a noteworthy stall this Tuesday, coming in at 3.2% year-over-year against expectations of 3.3% year-over year, marking a pivotal moment in the ongoing inflation saga.
Meanwhile core CPI, excluding food and energy, rose just 0.23% month-over-month – the smallest annual increase in two years. This decline is further evidenced by a decrease in the 3-month annualized core inflation rate to 3.4% from September’s 3.1%, and a drop in the 6-month annualized rate to 3.2% from 3.6%.
