CPI just dropped and it's hotter than the street wanted đ„
Monthly CPI hit 0.6% (expected 0.6%, prev 0.4%)
Yearly CPI at 3.7% vs 3.6% expected (prev 3.4%)
Core CPI monthly 0.3% when consensus was 0.2%
Core CPI yearly 2.6% vs 2.5% expected
Basically: inflation still sticky, Fed's not cutting rates anytime soon. Risk assets getting squeezed. Watch $BTC reaction here - if we hold structure this is actually bullish long-term (means liquidity stays tight but no panic). If we dump hard, alts are cooked short term.
Rate cut hopium officially dead for Q1.
Monthly CPI hit 0.6% (expected 0.6%, prev 0.4%)
Yearly CPI at 3.7% vs 3.6% expected (prev 3.4%)
Core CPI monthly 0.3% when consensus was 0.2%
Core CPI yearly 2.6% vs 2.5% expected
Basically: inflation still sticky, Fed's not cutting rates anytime soon. Risk assets getting squeezed. Watch $BTC reaction here - if we hold structure this is actually bullish long-term (means liquidity stays tight but no panic). If we dump hard, alts are cooked short term.
Rate cut hopium officially dead for Q1.