Рынок ожидания: инфляция в США ниже прогнозов, биткоин лишь слегка реагирует Translation: Market Expectations: US Inflation Below Forecasts, Bitcoin Responds Only Slightly

In September, the Consumer Price Index (CPI) in the United States rose by 0.3%, a decrease from the 0.4% increase recorded the previous month. Year-on-year, the unadjusted CPI climbed to 3.0% (up from 2.9% in August).

The primary drivers behind this inflation increase were gasoline prices, which surged by 4.1%, along with a 1.5% rise in energy costs for the month.

Data released by the U.S. Bureau of Labor Statistics (BLS) fell short of analysts’ expectations, who had predicted a CPI value of 3.1%.

The Core CPI for September also came in below consensus forecasts, registering at 3.0% as opposed to the anticipated 3.1%.

The BLS pointed out that the inflation data was compiled prior to the suspension of government funding. Following this announcement, major U.S. stock indices continued to rise, with the S&P 500 hitting a historic high above $6800, while the NASDAQ 100 gained more than 1% since the start of the trading session.

Swap and options markets show near complete confidence in the Federal Reserve lowering its key interest rate to 3.75-4% at its meeting on October 29, with a probability of 96.7% for this scenario.

It is generally believed that increasing liquidity availability tends to boost the prices of riskier assets, including Bitcoin and other cryptocurrencies.

Following the inflation data release, Bitcoin’s price briefly exceeded $112,000 but receded during the subsequent correction.

In the past 24 hours, the asset appreciated by 1.2%, while the cryptocurrency market capitalization increased by 1.9% (CoinGecko).

As a reminder, Bitcoin and the S&P 500 may have transitioned to a late stage of a bullish market phase, according to CryptoQuant analyst Axel Adler Jr.