U.S. CPI comes in hotter than expected again—is it time to put the brakes on rate-cut bets?
U.S. seasonally adjusted CPI rose 0.4% month over month in October, versus expectations of 0.3% and a previous reading of 0.6%; core CPI rose 0.3%, versus expectations of 0.2% and a previous reading of 0.3%.
One eased and the other held steady, but both came in 0.1 percentage point above expectations. In particular, core inflation failed to cool further, suggesting that price pressures remain sticky.
This is supportive of the U.S. dollar and Treasury yields, while potentially weighing on gold, U.S. stocks, and BTC through valuation pressures. However, a single month of data does not signal a trend reversal. The key is whether markets continue to price in “later rate cuts.”
Feiyu community, don’t just focus on the first candlestick tonight. Whether the dollar and yields can continue to strengthen will determine if this pressure is just short-term sentiment or a new round of repricing.
#CPI前瞻，12月利率走向迎关键考验 #BTC $BTC
U.S. seasonally adjusted CPI rose 0.4% month over month in October, versus expectations of 0.3% and a previous reading of 0.6%; core CPI rose 0.3%, versus expectations of 0.2% and a previous reading of 0.3%.
One eased and the other held steady, but both came in 0.1 percentage point above expectations. In particular, core inflation failed to cool further, suggesting that price pressures remain sticky.
This is supportive of the U.S. dollar and Treasury yields, while potentially weighing on gold, U.S. stocks, and BTC through valuation pressures. However, a single month of data does not signal a trend reversal. The key is whether markets continue to price in “later rate cuts.”
Feiyu community, don’t just focus on the first candlestick tonight. Whether the dollar and yields can continue to strengthen will determine if this pressure is just short-term sentiment or a new round of repricing.
#CPI前瞻，12月利率走向迎关键考验 #BTC $BTC
