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US PPI Inflation Data Hits 1.8% in September, Outpacing Forecasts
- US PPI inflation came in at 1.8% in September, surpassing forecasts of 1.6%.
- Core consumer price index inflation increased sharply to 2.8% last month.
- Discussions have resumed regarding the US Federal Reserve implementing tighter monetary policy.
- The rising inflation has raised concerns about the impact on cryptocurrencies, particularly Bitcoin.
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