EL7.AI
CryptoMedium•12 November 2026•
2 min read

Zcash Closes at $964.38 as Markets Await U.S. Inflation Data

Key Facts

1Zcash closed at $964.38 on November 11, compared with $1,044.95 on November 10.
2Christopher Waller leans toward supporting a 25-basis-point rate increase at the December meeting.
3Waller said monthly core inflation of about 0.3% or higher could warrant considering a 50-basis-point increase in December.

Zcash closed at $964.38 on November 11, after reaching $1,044.95 in the previous session, according to EL7 data. The decline came as markets monitored U.S. inflation data and Federal Reserve officials’ remarks on the December meeting. The previous close had itself fallen from $1,163.94 recorded on November 9, according to EL7 data. On November 10, Federal Reserve Governor Christopher Waller said he leaned toward supporting a 25-basis-point rate increase at the December meeting. Waller linked the possibility of a larger move to the core inflation reading, making price data a key focus in assessing the monetary policy path.

Waller said a monthly core inflation reading of about 0.3% or higher could warrant considering a 50-basis-point increase in December. He added: "If the October consumer price index inflation data, due later today, are similar to the previous two monthly readings, with core inflation at about 0.3% or more, a stronger policy move may be needed. In that case, I believe a 50-basis-point increase in the interest rate should be considered at the December meeting." The gasoline index also rose 1.0% in October, compared with a 9.1% increase in the previous month. Federal Reserve Vice Chair Michelle Bowman said inflation pressures had persisted longer than she had hoped, and the latest data showed signs of broadening.

The Bureau of Labor Statistics said the funding lapse prevented it from collecting survey data for October 2025, so it was unable to publish the year-over-year change for most October 2026 consumer price index series. The bureau is scheduled to publish the October Producer Price Index on November 13 at 08:30 a.m. Eastern time. On the same day, the Federal Reserve calendar listed a discussion with Bowman at 10:50 a.m. The bureau also set December 10 at 8:30 a.m. Eastern time for the release of the November Consumer Price Index. These dates come as investors focus on the inflation path and its implications for upcoming rate decisions.

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