CPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma

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US consumer prices increased faster in August, giving the Federal Reserve another reason to be cautious about lowering interest rates and leaving Bitcoin investors exposed to a prolonged period of expensive borrowing. The Consumer Price Index (CPI) rose 0.4% from July, when it increased 0.1%, while the annual inflation rate held at 3.4%. Excluding food […] The post CPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma appeared first on CryptoSlat