September CPI came in hotter than expected: headline inflation rose to 3.7% YoY, while core CPI hit 2.6%. Monthly headline CPI matched forecasts at 0.6%, but core CPI was slightly higher than expected at 0.3%.
One thing to keep in mind: the jump in gasoline prices drove much of the monthly increase. Still, sticky inflation could keep rate-cut hopes in check and support the dollar and Treasury yields — a potential short-term headwind for crypto, gold and silver.
My take: don’t chase the first move. Watch yields, the dollar and price action for confirmation. Keep position sizes reasonable and be careful with leverage.
Not financial advice.
One thing to keep in mind: the jump in gasoline prices drove much of the monthly increase. Still, sticky inflation could keep rate-cut hopes in check and support the dollar and Treasury yields — a potential short-term headwind for crypto, gold and silver.
My take: don’t chase the first move. Watch yields, the dollar and price action for confirmation. Keep position sizes reasonable and be careful with leverage.
Not financial advice.