Bitcoin’s Fed Week Starts With A Fresh Rise In US Inflation Expectations

TL;DR: US household inflation expectations rose in October while consumer sentiment barely changed. The readings add context ahead of the Federal Reserve’s October 27–28 meeting, without establishing a rate decision or a Bitcoin price direction. American households expect prices to rise faster over both the next year and the longer run, according to the University of Michigan’s final October survey. For Bitcoin traders heading into another Federal Reserve decision, the release adds an inflation concern to an already important policy week. The university’s October 23 results put year-ahead inflation expectations at 4.7%, up from 4.6% in September. Long-run expectations increased from 3.4% to 3.5%. Both measures rose for a second consecutive month and reached their highest readings since May.

First reported by NewsBTC. This page is a short excerpt; the full text is theirs.