US October inflation tops forecast as bitcoin falls below $74,000

October inflation came in above forecast

US consumer prices rose faster than forecast in October. ForkLog reported on 10 November 2026 that the consumer price index, which tracks the change in prices households pay for a basket of goods and services, rose 0.4% from the previous month. The forecast was 0.3%.

The report did not give the annual inflation rate or the forecast range, and it did not say which economists produced the 0.3% figure. It also did not say when the statistics were released.

ForkLog said the reading increased expectations that the Federal Reserve will raise interest rates. The Fed sets the target range for the federal funds rate, the overnight rate banks charge each other for short-term loans, which feeds into borrowing costs across the economy.

The report did not say when a rate rise is expected or how large it might be. No Fed official is quoted in it.

Bitcoin falls below $74,000

Bitcoin fell below $74,000 after the inflation statistics were published, according to ForkLog. The report did not give the size of the decline, the level bitcoin traded at before the release, or whether the price recovered later.

It did not state a reason for the fall, and it did not say how other crypto assets or trading volumes reacted.

What is not known

The report covers a single data release and a single price move. It does not say whether Fed officials have commented on the October reading.

ForkLog's account is the only source used for this article, and its figures could not be checked against a second outlet.