CPI print is in — *3.4% YoY, right on expectations* 📊
#USJulyCPI&PPIDueThisWeek
*What this means:*
- *Lowest in 4 months*. Cooling trend confirmed
- *No surprise = no panic*. Algors hate surprises. Matching consensus means less chaos than feared
- *"Pressure is cooling"* but 3.4% is still well above Fed’s 2% target
*Market reaction playbook now:*
1. *Fed odds*: All eyes shift to PPI tomorrow + next FOMC. 3.4% keeps "rate cuts in Q4" alive, but doesn’t guarantee it
2. *Risk assets*: $BTC , $ETH , equities likely breathe a sigh of relief. No hot print = no immediate hawkish repricing
3. *Dollar & Bonds*: $DXY and yields probably drift lower if CPI stays soft. Gold $XAU gets a bid
4. *Volatility*: The "erratic wicks" window isn’t over.
#USJulyCPI&PPIDueThisWeek
*What this means:*
- *Lowest in 4 months*. Cooling trend confirmed
- *No surprise = no panic*. Algors hate surprises. Matching consensus means less chaos than feared
- *"Pressure is cooling"* but 3.4% is still well above Fed’s 2% target
*Market reaction playbook now:*
1. *Fed odds*: All eyes shift to PPI tomorrow + next FOMC. 3.4% keeps "rate cuts in Q4" alive, but doesn’t guarantee it
2. *Risk assets*: $BTC , $ETH , equities likely breathe a sigh of relief. No hot print = no immediate hawkish repricing
3. *Dollar & Bonds*: $DXY and yields probably drift lower if CPI stays soft. Gold $XAU gets a bid
4. *Volatility*: The "erratic wicks" window isn’t over.