U.S. annual wholesale inflation accelerated to 6.3%, with producer prices rising 1.3% in September, up sharply from the 0.5% increase recorded in August. The hotter-than-expected data signals persistent upstream price pressures and has shifted market expectations regarding near-term monetary policy. Bitcoin declined 0.6% in the 70 minutes following the release as traders digested the inflationary print. Prediction market Polymarket now reflects a 72.5% probability that the Federal Reserve will hold interest rates steady at its October meeting, indicating reduced expectations for imminent easing amid sticky wholesale inflation.