Observers call for caution as bitcoin's overnight recovery brings back 'rocket emojis' on crypto Twitter. By godbole17
Bitcoin chalked up a dramatic rebound late Thursday, defying consensus for a continued slide in the wake of a hotter-than-expected U.S. consumer price index data
Money markets now expect the Federal Reserve's ongoing interest rate hike cycle to peak near 5%, a significant upward revision from the terminal rate of 4.65% priced ahead of the inflation data.According to ING, Wells Fargo and other investment banks, Thursday's inflation data has confirmed a 75 basis point rate increase at the Nov. 2 meeting.
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