š„ US CPI 3.4% ā WHAT DOES IT MEAN FOR THE MARKET?
CPI came in at 3.4%, exactly as expected. So far, thereās no major inflation surprise. š
The good news? Inflation is slowly cooling, but itās still well above the Fedās 2% target. So I wouldnāt expect aggressive rate cuts just yet.
For crypto, this is neutral to slightly bullish. At least thereās no fresh inflation shock putting pressure on risk assets. š
Now the real question is: Can inflation finally break below 3%, or are we stuck in the 3ā4% range?
š A sustained move below 3% could be a big catalyst for crypto. šš
CPI came in at 3.4%, exactly as expected. So far, thereās no major inflation surprise. š
The good news? Inflation is slowly cooling, but itās still well above the Fedās 2% target. So I wouldnāt expect aggressive rate cuts just yet.
For crypto, this is neutral to slightly bullish. At least thereās no fresh inflation shock putting pressure on risk assets. š
Now the real question is: Can inflation finally break below 3%, or are we stuck in the 3ā4% range?
š A sustained move below 3% could be a big catalyst for crypto. šš