🔴 MACRO UPDATE — August 13, 2026

The picture is becoming clearer.

Inflation is finally easing:
→ CPI 3.4% ✅
→ PPI falling to 4.9% ✅
→ Energy prices dropping ✅

But the labor market is deteriorating fast:
→ NFP -23,000 last week ❌
→ Jobless claims rising to 209K ❌
→ Jobs actually being lost now ❌

Here is what this means for the Fed:

Inflation was the reason to hold rates high.
Now inflation is easing — but the job market is cracking.

The Fed cannot ignore a deteriorating labor market forever. The pressure to cut rates is no longer just about inflation — it is now about protecting jobs.

A Fed pivot is getting closer.

For traders — this environment favors $XAU and creates a cautiously bullish case for $BTC medium term.

Watch the FOMC minutes August 19. The next move is coming.

#dyor #cpi #PPI
#Fed #Inflation