US Economic Data Triggers Market Volatility

A recent report from the US has sent shockwaves through financial markets, causing significant fluctuations in various asset prices.

The US Composite PMI index rose to 58.4 in September, with notable increases in input costs.

Fed member Barr warned that additional interest rate hikes may be necessary to bring inflation back on track.

This has led to a rise in US Treasury yields and the dollar index, causing Bitcoin (BTC) and gold prices to decline.