PPI came in flat (0.0% m/m) with Core at 0.2%. Unemployment claims at 209K.
This is bullish as hell. Inflation pressure on the Fed is cooling off. Less heat = less reason to stay hawkish. Risk-on setup looking clean.
Watch how $BTC and alts react into the next FOMC. If this trend holds, we could see a liquidity unlock.
This is bullish as hell. Inflation pressure on the Fed is cooling off. Less heat = less reason to stay hawkish. Risk-on setup looking clean.
Watch how $BTC and alts react into the next FOMC. If this trend holds, we could see a liquidity unlock.