✉news BusinessCrypto first seen 6 d ago, last 6 d ago, peak #31
US services price gauge hits four-year high
Original: US services price gauge hits a four-year high, clouding Bitcoin’s rate-relief outlook
A closely watched gauge of US services prices has reached its highest level in four years, according to a report highlighting the reading. Hotter services inflation undermines hopes that the Federal Reserve will deliver the interest-rate cuts that crypto traders say would benefit Bitcoin, leaving investors weighing a more hawkish outlook.
Why now: High US inflation data reduces expectations for rate cuts, which traders see as a key driver for Bitcoin
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