🚨 US INFLATION DATA IS HOTTER THAN EXPECTED! 🇺🇸
Here are the latest numbers:
📊 Core CPI (MoM)
- Actual: 0.3%
- Forecast: 0.2%
- Previous: 0.3%
📊 CPI (MoM)
- Actual: 0.4%
- Forecast: 0.3%
- Previous: 0.6%
🔍 What does this mean?
- Core inflation came in higher than expected.
- Overall inflation also exceeded expectations.
- This could make the Federal Reserve more cautious about cutting interest rates.
📉 Market Impact:
Short-term bearish pressure for Bitcoin, crypto and other risky assets.
⚠️ Watch the US Dollar and Treasury yields for further confirmation. One data release doesn't guarantee market direction.
💬 Do you think BTC will correct further or absorb this inflation shock?
#USInflationData #CPI #bitcoin #HarshOnChain #BinanceSquareTG
$BTC
Here are the latest numbers:
📊 Core CPI (MoM)
- Actual: 0.3%
- Forecast: 0.2%
- Previous: 0.3%
📊 CPI (MoM)
- Actual: 0.4%
- Forecast: 0.3%
- Previous: 0.6%
🔍 What does this mean?
- Core inflation came in higher than expected.
- Overall inflation also exceeded expectations.
- This could make the Federal Reserve more cautious about cutting interest rates.
📉 Market Impact:
Short-term bearish pressure for Bitcoin, crypto and other risky assets.
⚠️ Watch the US Dollar and Treasury yields for further confirmation. One data release doesn't guarantee market direction.
💬 Do you think BTC will correct further or absorb this inflation shock?
#USInflationData #CPI #bitcoin #HarshOnChain #BinanceSquareTG
$BTC