US INFLATION EXCEEDS EXPECTATIONS. BITCOIN FELL BELOW $61,000
According to the results of September, annual inflation in the US amounted to 2.4% against 2.5% a month ago. The indicator exceeded market expectations of 2.3%.
Analysts expected the annual rate to remain at 3.2% and the monthly rate to slow down to 0.2%.
The negative from disappointing inflation data is holding back the jump in applications for unemployment benefits from 225,000 to 258,000 against the forecast of 231,000. The discrepancy can be attributed to the impact of hurricanes and strikes.
Prices for services excluding housing and energy rose by 0.4% after increasing by 0.33% in August, by 0.21% in July and decreasing by 0.05% and 0.04% in May-June. The Fed noted the importance of the metric in analyzing the trajectory of inflation.
Rent, an important indicator for monetary authorities, also increased by 0.2% after the maximum since January of 0.49% in August and 0.36% at the end of July.
The release of macro statistics aimed Bitcoin to return to intraday lows. The price is testing the support zone of $60,900-61,000. The daily rate of decline increased to 1.7%. A similar picture developed in Ethereum, where the rate fell below the $2,400 mark.