Bitcoin’s rate cut relief stalls as service inflation flares

What happened

October’s services prices index eased to 73, but its 12-month average reached 69.2, the highest since April 2023. 02 The monthly prices index eased to 73, but its 12-month average reached 69.2, the highest since April 2023.

Make CryptoSlate preferred on Share Share US services growth slowed in October, while the survey’s 12-month average prices index reached its highest level since April 2023. The Institute for Supply Management’s (ISM) October services report , released.

Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. BTC 5.91% · 24h US services growth slowed as persistent price pressures cloud Fed rate cuts and Bitcoin's prospects for gains.

6, 2026 at 6:40 am GMT 2 min read Quick Take 01 October’s US services PMI fell to 54.5 from 54.9, showing slower expansion while activity remained above the 50 threshold. 03 After the Fed’s divided hold, the.

6 employment report offers the next scheduled checkpoint for the policy outlook. Persistent cost pressure complicates the case for rate relief that could support Bitcoin.

4, put its headline PMI at 54.5, down from September’s 54.9. The reading remained above 50, indicating that services activity was still expanding.