Prior to this morning’s report, traders were pricing in about an 86% chance the Fed would hold rates steady at its next meeting in mid-December, and there’s roughly a 75% chance of a continued pause at the January meeting, according to the CME FedWatch Tool. Shortly after the data, the odds of a December pause rose to 99.5% and for a January pause to 95.6%.
Bitcoin Price (BTC) Higher After U.S. Inflation Data
