🚨 JUST IN : US CPI Rose 0.4% in August – What It Means for the Fed and Crypto
The numbers: Headline CPI matched expectations at 0.4% monthly / 3.4% yearly, but core CPI came in hot at 0.3% monthly (vs. 0.2% expected). The unrounded core figure could be the deciding factor for the Fed.
For the Fed: This is the last major inflation print before the September 15–16 meeting. With PPI already running hot and energy prices spiking from the Iran conflict, a firm core reading strengthens the case for a hike. Rate-hike odds have swung between 65% and 73%, and UBS now expects hikes in both September and December.
For crypto: Bitcoin is range-bound between $78K–$80K, with $80K as the key level. Higher rate expectations pressure risk assets, but **~$3.8B in ETF inflows over three weeks** and declining open interest suggest the recent sell-off was deleveraging rather than fresh shorting. If ETF flows hold and inflation fears ease, $80K could flip from resistance to support; a persistently hot print would renew downside pressure. $GAIB
The numbers: Headline CPI matched expectations at 0.4% monthly / 3.4% yearly, but core CPI came in hot at 0.3% monthly (vs. 0.2% expected). The unrounded core figure could be the deciding factor for the Fed.
For the Fed: This is the last major inflation print before the September 15–16 meeting. With PPI already running hot and energy prices spiking from the Iran conflict, a firm core reading strengthens the case for a hike. Rate-hike odds have swung between 65% and 73%, and UBS now expects hikes in both September and December.
For crypto: Bitcoin is range-bound between $78K–$80K, with $80K as the key level. Higher rate expectations pressure risk assets, but **~$3.8B in ETF inflows over three weeks** and declining open interest suggest the recent sell-off was deleveraging rather than fresh shorting. If ETF flows hold and inflation fears ease, $80K could flip from resistance to support; a persistently hot print would renew downside pressure. $GAIB
