THE INFLATION DATA CAME IN HOT, AND THE FED IS ALREADY SHOWING ITS CLAWS
The market got a cold shower from the inflation figures.
Headline CPI rose 0.4 percent and core CPI advanced 0.3 percent, both above expectations. The results set off alarm bells. Governor Christopher Waller has already openly backed another increase of at least 25 basis points in December.
The impact hits risk assets directly. With rates currently between 3.75 percent and 4.00 percent, the prospect of further tightening drains liquidity and puts pressure on Bitcoin, altcoins, and the tech sector.
My short-term outlook is bearish as long as this restrictive scenario prevails. But keep in mind: the market may have already priced in this move. Watch BTC support and the strength of the dollar.
Will buyers withstand the blow, or will we see another correction before December?
$INIT
$ARIA
$SOPH
#HotCPIDecemberHikePriced
The market got a cold shower from the inflation figures.
Headline CPI rose 0.4 percent and core CPI advanced 0.3 percent, both above expectations. The results set off alarm bells. Governor Christopher Waller has already openly backed another increase of at least 25 basis points in December.
The impact hits risk assets directly. With rates currently between 3.75 percent and 4.00 percent, the prospect of further tightening drains liquidity and puts pressure on Bitcoin, altcoins, and the tech sector.
My short-term outlook is bearish as long as this restrictive scenario prevails. But keep in mind: the market may have already priced in this move. Watch BTC support and the strength of the dollar.
Will buyers withstand the blow, or will we see another correction before December?
$INIT
$ARIA
$SOPH
#HotCPIDecemberHikePriced
