Bitcoin Edges Higher as Prospect of Immediate U.S. Rate Rise Dims -- Market Talk
Dow Jones2026/08/13 07:210721 GMT - Bitcoin rises slightly after Wednesday's U.S. inflation data caused markets to trim odds of the Federal Reserve raising interest rates in September. The data showed inflation eased to 3.4% in July from 3.5% in June and core inflation decelerated to 2.5% from 2.6%. The data met forecasts but still marked two consecutive "relatively encouraging" core inflation reports and, combined with last week's weaker employment data, leaves less pressure on the Fed to act immediately in September, Deutsche Bank analysts say in a note. However, markets are still fully pricing a 25 basis-point rate rise by year-end, they say. Ongoing Middle East tensions also argue for continued caution. Bitcoin rises 0.5% to $63,833, LSEG data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
August 13, 2026 03:21 ET (07:21 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
