This report is from today's CNBC Daily Open, an international markets newsletter. It highlights how core inflation rose 0.3% in a month and 2.8% annually, higher than the previous month's 2.7%. Bitcoin's price movement was contrary to U.S. indexes, falling on Wednesday, but Galaxy Digital's Alex Thorn believes the bull market for bitcoin has legs. The financial sector has been the best-performing group this year, with traders taking profits from Big Tech stocks before a holiday weekend.
Despite a small rise in inflation, investors remain unfazed, with a 64.7% chance of the Federal Reserve lowering rates by 25 basis points in December
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