๐จ BREAKING โ 12:30 PM ET โ US inflation just came in hotter than expected ๐
Prices rose 3.7% in September โ higher than the 3.6% forecast ๐ณ
In simple words โ everything is getting MORE expensive and the government's own numbers just confirmed it ๐
Here's what happened to markets immediately ๐
๐ $BTC dropped below $83K within minutes
๐ Nasdaq fell nearly 2%
๐ S&P 500 dropped 1%
๐ Rate hike odds jumped from 20% to 46% in hours ๐ฑ
Why does this affect crypto? ๐ง
When inflation is high the Fed raises interest rates ๐ Higher rates mean less money flowing into risky assets like $BTC $ETH and altcoins ๐
The market was hoping for cooling inflation
Instead it got the opposite ๐ฌ
Your groceries. Your rent. Your fuel. Still rising ๐ณ
While your salary grows at just 3% annually
Inflation is the tax nobody voted for ๐
The next Fed meeting just got a LOT more interesting ๐
Prices rose 3.7% in September โ higher than the 3.6% forecast ๐ณ
In simple words โ everything is getting MORE expensive and the government's own numbers just confirmed it ๐
Here's what happened to markets immediately ๐
๐ $BTC dropped below $83K within minutes
๐ Nasdaq fell nearly 2%
๐ S&P 500 dropped 1%
๐ Rate hike odds jumped from 20% to 46% in hours ๐ฑ
Why does this affect crypto? ๐ง
When inflation is high the Fed raises interest rates ๐ Higher rates mean less money flowing into risky assets like $BTC $ETH and altcoins ๐
The market was hoping for cooling inflation
Instead it got the opposite ๐ฌ
Your groceries. Your rent. Your fuel. Still rising ๐ณ
While your salary grows at just 3% annually
Inflation is the tax nobody voted for ๐
The next Fed meeting just got a LOT more interesting ๐