🚨 CPI is out—what BTC really needs to be wary of isn’t that the data is “high”
🚨 CPI is out—what BTC really needs to be wary of isn’t that the data is “high.” The U.S. August CPI was just released: 📊 CPI: 3.4% 📈 Core CPI: 2.4% 📈 CPI month-over-month rate: +0.4% On the surface, the CPI year-on-year rate is basically in line with market expectations. But what’s really worth noting is: Core CPI came in at 0.3% month-over-month, and inflation pressure isn’t as light as people might have imagined. This will affect a very important variable: How much room is there for the Fed to cut or raise rates next? For BTC, I won’t simply say “bearish” or “bullish” right now. I’m more focused on the next three reactions:
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