#usnovembermichiganexpectationsindexprelimat50.9
AN ENCOURAGING MACROECONOMIC SIGNAL PUTS THE CRYPTO MARKET ON HIGH ALERT
The U.S. market has just delivered a positive surprise that could change the tone of monetary policy.
The Michigan Expectations Index rose to 50.9, and overall consumer confidence hit 51.0. But the most important figure was the drop in inflation expectations to 4.3 percent.
This combination of more confident consumers and slowing inflation is the perfect scenario for a soft landing. It gives the Fed the breathing room it was missing and creates an environment much more conducive to risk appetite. For Bitcoin and altcoins, it’s a tailwind.
But don’t get too excited. Inflation is still high, and a single report does not make a trend.
What’s your bet? Are you bullish on Bitcoin, or would you rather stay cautious?
$AKE
$ONE
$ICNT
#usnovembermichiganexpectationsindexprelimat50.9
AN ENCOURAGING MACROECONOMIC SIGNAL PUTS THE CRYPTO MARKET ON HIGH ALERT
The U.S. market has just delivered a positive surprise that could change the tone of monetary policy.
The Michigan Expectations Index rose to 50.9, and overall consumer confidence hit 51.0. But the most important figure was the drop in inflation expectations to 4.3 percent.
This combination of more confident consumers and slowing inflation is the perfect scenario for a soft landing. It gives the Fed the breathing room it was missing and creates an environment much more conducive to risk appetite. For Bitcoin and altcoins, it’s a tailwind.
But don’t get too excited. Inflation is still high, and a single report does not make a trend.
What’s your bet? Are you bullish on Bitcoin, or would you rather stay cautious?
$AKE
$ONE
$ICNT
#usnovembermichiganexpectationsindexprelimat50.9
