U.S. #CPIWatch lands in line with expectations
- Headline CPI YoY:
3.4% vs. 3.4% expected and prior
- Core CPI YoY:
2.4% vs. 2.4% expected and 2.5% prior
CPI Reaction:👀
$BTC & $GOLD.US initially dumped on the CPI release, but both are now recovering sharply with a V shaped recovery. Early selling is being absorbed, watching for further upside if momentum holds.
- Headline CPI YoY:
3.4% vs. 3.4% expected and prior
- Core CPI YoY:
2.4% vs. 2.4% expected and 2.5% prior
CPI Reaction:👀
$BTC & $GOLD.US initially dumped on the CPI release, but both are now recovering sharply with a V shaped recovery. Early selling is being absorbed, watching for further upside if momentum holds.