August CPI sent a mixed signal for the market.
Headline inflation held at 3.4% YoY, matching expectations, while core CPI came in slightly hotter at 0.3% MoM versus the 0.2% forecast.
Core inflation is the number I’m watching most closely.
Sticky price pressures could make the Fed more cautious on rate cuts, potentially keeping the dollar supported and creating short-term pressure on gold and $BTC.
$BTC is holding up for now, but the next major move could depend heavily on how markets price the Fed’s next decision.
#BingX #CPI #BTC
Headline inflation held at 3.4% YoY, matching expectations, while core CPI came in slightly hotter at 0.3% MoM versus the 0.2% forecast.
Core inflation is the number I’m watching most closely.
Sticky price pressures could make the Fed more cautious on rate cuts, potentially keeping the dollar supported and creating short-term pressure on gold and $BTC.
$BTC is holding up for now, but the next major move could depend heavily on how markets price the Fed’s next decision.
#BingX #CPI #BTC
