The economy beat every forecast. Bitcoin still fell.
US flash PMI came in at 58.4, the highest in 62 months. Sounds bullish. But the same survey showed input costs rising at the fastest pace in four years, mostly fuel and transport. That means inflation, and inflation means more rate hikes.
Good data, bad news: PMI explained in one minute.
Which number do you check before a Fed meeting?
$BTC #PMI
US flash PMI came in at 58.4, the highest in 62 months. Sounds bullish. But the same survey showed input costs rising at the fastest pace in four years, mostly fuel and transport. That means inflation, and inflation means more rate hikes.
Good data, bad news: PMI explained in one minute.
Which number do you check before a Fed meeting?
$BTC #PMI