According to CoinShares, on October 17, global digital asset investment products saw net outflows of $434 million this week, as stronger-than-expected U.S. inflation and consumer data shifted market expectations toward a more hawkish Federal Reserve stance.
U.S. September CPI rose 0.6% month-over-month and 3.7% year-over-year, exceeding the market forecast of 3.6%, while core CPI climbed 2.6% annually. Retail sales grew 0.8% month-over-month, far surpassing the expected 0.3%, signaling sustained economic resilience. Polymarket data showed a 75% probability the Fed will hold rates steady in October, with a 25% chance of a 25-basis-point hike.