September U.S. CPI is out, with both headline and core inflation coming in above expectations!
Annual CPI was 3.7% (forecast: 3.6%), while annual core CPI was 2.6%, above market estimates. Inflation proved stickier than expected.
Markets have scaled back expectations for Fed rate cuts, pushing Treasury yields higher and creating near-term headwinds for gold and crypto assets.
But keep in mind: whether the bearish pressure lasts depends on how much buying support comes in.
If this is just a short-term sentiment-driven selloff, it doesn’t necessarily mean we’re heading straight into a major bear market. We may see a few more weeks of choppy trading as we wait for the next round of data to confirm the inflation trend.
Do you think this CPI report will interrupt the current crypto rebound? #CPI数据
Annual CPI was 3.7% (forecast: 3.6%), while annual core CPI was 2.6%, above market estimates. Inflation proved stickier than expected.
Markets have scaled back expectations for Fed rate cuts, pushing Treasury yields higher and creating near-term headwinds for gold and crypto assets.
But keep in mind: whether the bearish pressure lasts depends on how much buying support comes in.
If this is just a short-term sentiment-driven selloff, it doesn’t necessarily mean we’re heading straight into a major bear market. We may see a few more weeks of choppy trading as we wait for the next round of data to confirm the inflation trend.
Do you think this CPI report will interrupt the current crypto rebound? #CPI数据