Inflation in the US has reminded the market once again that cutting interest rates will be no easy task for the Fed.
September CPI rose to 3.7% year over year, against a forecast of 3.6%. Core inflation, excluding food and energy, reached 2.6%, versus expectations of 2.5%.
Month over month, headline CPI increased by 0.6%, while core CPI rose by 0.3%. Gasoline accounted for more than half of the monthly increase in the headline index.
This is neither a death sentence nor a gift for the crypto market. Persistent inflation could force the Fed to keep financial conditions tight for longer. And that affects investors’ willingness to take risks.
I wouldn’t rush to turn a single macro report into a forecast for $BTC . The more important question is whether the Fed sees a temporary spike in energy prices or signs of broader inflationary pressure.
In macroeconomics, the number makes the headline, but its composition determines what happens next. We break down the context instead of reading tea leaves in candlestick charts—subscribe to @MoonMan567
September CPI rose to 3.7% year over year, against a forecast of 3.6%. Core inflation, excluding food and energy, reached 2.6%, versus expectations of 2.5%.
Month over month, headline CPI increased by 0.6%, while core CPI rose by 0.3%. Gasoline accounted for more than half of the monthly increase in the headline index.
This is neither a death sentence nor a gift for the crypto market. Persistent inflation could force the Fed to keep financial conditions tight for longer. And that affects investors’ willingness to take risks.
I wouldn’t rush to turn a single macro report into a forecast for $BTC . The more important question is whether the Fed sees a temporary spike in energy prices or signs of broader inflationary pressure.
In macroeconomics, the number makes the headline, but its composition determines what happens next. We break down the context instead of reading tea leaves in candlestick charts—subscribe to @MoonMan567