NFP came stronger than expected, so now all eyes are on CPI đ
The labor market still looks pretty strong. soI think, that gives the Fed a reason to stay hawk if CPI comes in hot
But I donât think one CPI number means we are going back to a full rate hiking cycle.
If Cpi keeps cooling, I think the Fed is more likely to hold rates and wait, especially with growth
then I think: hold, but still cautious
For gold, Iâm a little bullish short term
If the dollar gets weaker or safe haven demand comes back, gold can get some support
But if yields move higher, that can put some pressure on it
so now Iam with Gold now but carefully đ
Waiting for the next sign
What do you think bullish or bearish? đ
#CPIWatch
The labor market still looks pretty strong. soI think, that gives the Fed a reason to stay hawk if CPI comes in hot
But I donât think one CPI number means we are going back to a full rate hiking cycle.
If Cpi keeps cooling, I think the Fed is more likely to hold rates and wait, especially with growth
then I think: hold, but still cautious
For gold, Iâm a little bullish short term
If the dollar gets weaker or safe haven demand comes back, gold can get some support
But if yields move higher, that can put some pressure on it
so now Iam with Gold now but carefully đ
Waiting for the next sign
What do you think bullish or bearish? đ
#CPIWatch