The CPI print isn’t exactly giving the Fed an easy path.
Headline CPI held at 3.4% YoY as expected, but core CPI came in hotter than forecast at 0.3% MoM.
That’s still enough to keep inflation worries alive and rate-cut expectations in check.
DXY looks stronger, while BTC and gold may feel some pressure in the short term.
Macro is still running the show. 👀
$BTC $DXY $XAU
Headline CPI held at 3.4% YoY as expected, but core CPI came in hotter than forecast at 0.3% MoM.
That’s still enough to keep inflation worries alive and rate-cut expectations in check.
DXY looks stronger, while BTC and gold may feel some pressure in the short term.
Macro is still running the show. 👀
$BTC $DXY $XAU
