๐ด Bearish
๐จ FED HAWKISH STANCE INTENSIFIES AFTER HOT CPI!
Today's CPI report showed inflation remains stickier than anticipated, pushing core prices up 0.3% (excluding food and energy). This was higher than the forecasted 0.2% increase.
๐ Market Impact: Futures markets are now pricing in a near-guaranteed December rate hike, with some Fed officials hinting at a 50 basis point increase to combat persistent inflation. This spells caution for risk assets like crypto.
#Fed #CPI
๐จ FED HAWKISH STANCE INTENSIFIES AFTER HOT CPI!
Today's CPI report showed inflation remains stickier than anticipated, pushing core prices up 0.3% (excluding food and energy). This was higher than the forecasted 0.2% increase.
๐ Market Impact: Futures markets are now pricing in a near-guaranteed December rate hike, with some Fed officials hinting at a 50 basis point increase to combat persistent inflation. This spells caution for risk assets like crypto.
#Fed #CPI