Why Fed interest-rate cuts may not be bullish for bitcoin

Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch.

Markets are now expecting Federal Reserve officials to deliver a quarter-percentage-point interest-rate cut at their meeting next week, after the consumer-price index rose a mild 0.2% in August. The data fell in line with forecasts, even as the core CPI rate rose 0.3%, which was higher than expected.