Author of the news: Crypto Emergency
In November, the consumer price index (CPI) in the USA decreased by 0.3%. Year-on-year, the unadjusted figure was 2.7% compared to 3% in October.
The report for last month was not published due to the government shutdown; however, data collection resumed on November 14.
The seasonally adjusted index for all categories except for food and energy resources increased by 0.2%. At the same time, energy resources rose by 1.1%, while food prices increased by 0.1%.
Data from the Federal Bureau of Labor Statistics fell short of analysts' expectations: the forecast was 3.1%. Core CPI also decreased - 2.6% compared to the expected 3%, which is the lowest level since 2021.
Stock indices reacted mixed: the S&P 500 fell by 1.1% to $6721, while the NASDAQ 100 strengthened by 1.1% and reached $25,172.
The cryptocurrency market showed mixed dynamics. Bitcoin rose by 1.5% and is trading around $88,800, Ethereum added 2% and reached ~$2900. Meanwhile, the total market capitalization of cryptocurrencies decreased by 0.3%, according to CoinGecko.
Investors continue to hedge against the risks of a possible drop in Bitcoin below $85,000 through derivatives.
