Oil prices to blame again?
U.S. CPI rose 3.7% year over year, above market expectations of 3.6% and the highest since May;
Core CPI rose to 2.6% year over year, its highest since June this year and above market expectations of 2.5%.
After the data came out, gold, $BTC and others plunged together. The market ramped up bets on a Fed rate hike in October and three more hikes by the end of 2027.
Fine, fine, so that’s how we’re playing it? Might as well keep stabbing wicks back and forth.
U.S. CPI rose 3.7% year over year, above market expectations of 3.6% and the highest since May;
Core CPI rose to 2.6% year over year, its highest since June this year and above market expectations of 2.5%.
After the data came out, gold, $BTC and others plunged together. The market ramped up bets on a Fed rate hike in October and three more hikes by the end of 2027.
Fine, fine, so that’s how we’re playing it? Might as well keep stabbing wicks back and forth.