Hot Inflation Revives Fed Hike Odds

U.S. consumer prices rose 3.7% year over year in September, above the 3.6% forecast, as gasoline jumped 9.1%. Bitcoin fell 1.5% to $82,142 and total crypto market cap shed 0.7% to $2.8 trillion. Odds of an October Fed rate hike roughly doubled from 22% to 44% to 49%.