Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration.
Read More Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria
Consumer prices rose slightly more than expected in September amid higher food costs, but the annual increase in inflation was the smallest in more than 3-1/2 years.
Read More Higher food prices lift US consumer prices; Hurricane Helene boosts jobless claims
Consumer spending increased slightly less than expected in August, suggesting some moderation in economic growth in the third quarter.
Read More US consumer spending, inflation rise moderately in August
Traders priced in a quarter-point Federal Reserve interest-rate cut this month with a bigger move expected at its next meeting.
Read More Traders see Fed starting with 25 bps cut in Sept
Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month.
Read More Fed rate-cut size this month to hinge on job market health
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
Read More US inflation rises moderately, consumer spending cools