๐จ BREAKING: U.S. CPI came in at 3.4%, exactly in line with expectations.
Core inflation cooled from last month and also matched forecasts.
Even so, markets are still pricing roughly a 90% chance of a Fed rate hike in September.
The headline number looked calm, but the monthly core data appears to be keeping rate-hike expectations high.
$BTC $DXY $TLT.ETF $SPY
#CPIWatch
Core inflation cooled from last month and also matched forecasts.
Even so, markets are still pricing roughly a 90% chance of a Fed rate hike in September.
The headline number looked calm, but the monthly core data appears to be keeping rate-hike expectations high.
$BTC $DXY $TLT.ETF $SPY
#CPIWatch
