🔴 Monthly core CPI printed at 0.3%, beating every Wall Street estimate and sending Bitcoin down 📉 to $76,050 before a fast rebound. Rising Treasury yields near 4.95% are weighing on zero-yield assets as rate markets price in Fed tightening ⚡ ahead of Wednesday's FOMC meeting.
Will the Fed hike rates next week after this hot core CPI print, or was the sudden drop just a leverage flush? 👇
#cpi #bitcoin #fed #inflation #macro
Will the Fed hike rates next week after this hot core CPI print, or was the sudden drop just a leverage flush? 👇
#cpi #bitcoin #fed #inflation #macro