The US Bureau of Labor Statistics released its Consumer Price Index (CPI) report for October, which saw inflation rising in line with economist expectations. 

Takeaways:

• October's Consumer Price Index (CPI) report saw prices rise 0.2% month-over-month and 2.6% annually, in line with economist forecasts. The core inflation reading — which excludes food and energy prices — rose 0.3% monthly and 3.3% year-over-year, which were also in line with estimates.


• Bitcoin (BTC-USD) continues to rally, the cryptocurrency now shooting to a new record high above $89,000 Wednesday morning.


• President-elect Donald Trump taps billionaire Elon Musk and Vivek Ramaswamy to lead his Department of Government Efficiency (DOGE).

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