💥 The Market Got the “Soft” CPI It Wanted
July CPI largely matched expectations.
Headline CPI: +0.1% MoM
Core CPI: +0.2% MoM
Headline CPI: 3.4% YoY
Core CPI: 2.5% YoY
Markets initially reacted positively, with stocks rising, Treasury yields falling and the dollar weakening somewhat.
But here's the catch:
One CPI report doesn't establish a trend.
PPI, jobs data and future inflation reports will continue shaping expectations.
That means $BTC, $ETH and $BNB investors should think beyond one-day price movements.
#usjulycpi&ppiduethisweek
July CPI largely matched expectations.
Headline CPI: +0.1% MoM
Core CPI: +0.2% MoM
Headline CPI: 3.4% YoY
Core CPI: 2.5% YoY
Markets initially reacted positively, with stocks rising, Treasury yields falling and the dollar weakening somewhat.
But here's the catch:
One CPI report doesn't establish a trend.
PPI, jobs data and future inflation reports will continue shaping expectations.
That means $BTC, $ETH and $BNB investors should think beyond one-day price movements.
#usjulycpi&ppiduethisweek