The core inflation rate in the United States has been steadily increasing since the beginning of the year and was at 2.1% in September, moving closer to the Federal Reserve's target. The overall inflation rate, however, decreased slightly from the previous month. The core PCE price index for September was in line with expectations. The increase in inflation has the potential to impact the Federal Reserve's monetary policy decisions. The release of these inflation numbers caused a downturn in the crypto market, with major cryptocurrencies experiencing losses. Investors are closely watching for any indications from the Federal Reserve regarding future monetary policy shifts.
Tether shifts focus to European, Middle Eastern and African markets in the face of US legal troubles