Yesterday’s CPI print was a relief for markets, with inflation continuing to cool without delivering the upside surprise traders feared.
With inflation moving in the right direction, attention now shifts to whether upcoming data can reinforce expectations for a more supportive Fed stance. That could provide a stronger tailwind for $BTC and risk assets.
$SPCX is the standout mover. SpaceX is now trading at $146.5, up 33.3%, after briefly touching $149.3. It is now above its $135 IPO price, with strong momentum pushing the stock toward fresh highs.
Trump is being sued over a plan to charge up to $100,000 for early access to Truth Social posts.
The U.S. budget deficit hit $432B in July, taking the fiscal-year gap to $1.8T. Rising debt and borrowing needs are reinforcing Bitcoin’s long-term scarcity narrative.
Today’s Economic Calendar:
- Core PPI m/m
- PPI m/m
- Unemployment Claims
What are your expectations for today’s PPI: bullish, bearish, or neutral?
With inflation moving in the right direction, attention now shifts to whether upcoming data can reinforce expectations for a more supportive Fed stance. That could provide a stronger tailwind for $BTC and risk assets.
$SPCX is the standout mover. SpaceX is now trading at $146.5, up 33.3%, after briefly touching $149.3. It is now above its $135 IPO price, with strong momentum pushing the stock toward fresh highs.
Trump is being sued over a plan to charge up to $100,000 for early access to Truth Social posts.
The U.S. budget deficit hit $432B in July, taking the fiscal-year gap to $1.8T. Rising debt and borrowing needs are reinforcing Bitcoin’s long-term scarcity narrative.
Today’s Economic Calendar:
- Core PPI m/m
- PPI m/m
- Unemployment Claims
What are your expectations for today’s PPI: bullish, bearish, or neutral?