🔴 Bearish
🚨 US Inflation Surges Past Expectations, Fed Rate Hike Odds Jump!
October CPI came in hotter than anticipated, rising 0.4% against a 0.3% forecast. Core inflation also exceeded estimates. This signals persistent price pressures, pushing the Fed towards a December rate hike.
📊 Market Impact: Risk assets, including crypto, are feeling the heat. $BTC dipped below $70k as expectations for tighter monetary policy strengthen. Expect continued volatility.
#Macro #CPI
🚨 US Inflation Surges Past Expectations, Fed Rate Hike Odds Jump!
October CPI came in hotter than anticipated, rising 0.4% against a 0.3% forecast. Core inflation also exceeded estimates. This signals persistent price pressures, pushing the Fed towards a December rate hike.
📊 Market Impact: Risk assets, including crypto, are feeling the heat. $BTC dipped below $70k as expectations for tighter monetary policy strengthen. Expect continued volatility.
#Macro #CPI