#CPIWatch U.S. inflation just delivered a major Fed signal.
August CPI rose 0.4% MoM and 3.4% YoY, matching the headline forecast. But core CPI climbed 0.3% MoM, hotter than the 0.2% expected, while annual core inflation eased to 2.4%.
Energy remains the pressure point: gasoline jumped 3.9%, other motor fuels surged 9.6%, and airline fares climbed 2.7%. Food prices increased just 0.1%.
Markets reacted fast. Traders pushed the probability of a Fed rate hike next week to roughly 85%–91%, while ...
🩸 $ETH — Big Short Setup
Short $ETH
🎯 Entry: $2,595 – $2,620
TP1: $2,580
TP2: $2,560
TP3: $2,520
TP4: $2,480
🛑 SL: $2,685
For a wider setup, you can keep liquidation above $3,200+.
Manage risk properly.
Trade Here 👇🏻
{future}(ETHUSDT)
BTC Volatility Returns, ETH Taps 8-Month High, While CPI Sets the Stage for the Fed: Weekly Recap
📉 The release of stronger-than-expected US jobs data led to a significant sell-off in Bitcoin (BTC), dropping it below $79,000, before a brief recovery attempt over the weekend.
🚀 Ethereum (ETH) surged to $2,660, marking its highest price in eight months, while other cryptocurrencies like ZEC, NEAR, DOT, and ICP also saw notable weekly gains.
🔍 Upcoming events include the FOMC meeting and ...