Global digital asset investment products have recorded $434 million in outflows so far this week as higher U.S. inflation and stronger consumer spending have raised expectations of further Federal Reserve interest rate increases.
Summary
- CoinShares reported $434 million in digital asset investment product outflows this week amid inflation concerns.
- U.S. September inflation reached 3.7% annually, exceeding the 3.6% forecast and raising interest rate concerns.
- September retail sales climbed 0.8%, beating the expected 0.3% as gasoline prices pushed spending higher.
- Polymarket placed October’s Federal Reserve rate pause probability at 75%, with 25% favoring another…
