US inflation for October was higher than forecasters expected, according to a Cointelegraph report published on Nov 10, 2026. Because of that reading, more market participants now expect the Federal Reserve to raise interest rates by a larger amount in December, possibly by half a percentage point.
On Tuesday, crypto industry experts warned that the inflation data could lead to another Fed rate hike. A hike would make borrowing more expensive, and they said that could make people less willing to invest in cryptocurrencies. The report was written by staff writer Jona Jaupi and edited by staff editor Ana Paula Pereira.
The price ticker on the article page showed most large coins down. BTC was at $73,525.22 (-2.11%), ETH at $2,050.15 (-3.60%) and SOL at $83.38 (-3.54%). ZEC had the largest drop at $1,047.03 (-10.43%), while TRX was the only coin shown higher, at $0.3180 (+0.12%). The page does not say when these prices were recorded, and the report does not link any single price move to the inflation data.
Several things are still unknown. The report does not say how large the inflation overshoot was, does not give a probability for a half-point hike and does not say when the Fed will decide.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this news changes nothing directly. Exchange trading fees are not tied to the Fed's rate, and the report says nothing about funding rates, open interest or order-book liquidity on any of these venues. Funding will keep following the gap between perpetual and spot prices, and so far nothing shows whether this news has changed that gap.
Source: cointelegraph — Hot US inflation raises odds of half-point Fed hike in December