August CPI won't capture September 8 oil shock, CryptoSlate says
CryptoSlate reported Bitcoin below $80,000 and Brent near $100 on September 8, highlighting uncertainty over whether higher energy costs would sustain inflation pressure into the next Fed meeting.
TLDR
CryptoSlate said on September 8 that the August consumer price index report expected that Friday would not include the September 8 oil shock. A soft reading could ease rate fears, the outlet said, without settling whether higher energy costs would keep inflation pressure alive into the next Federal Reserve meeting. It reported Bitcoin below $80,000 and Brent near $100.
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