🚨 INFLATION EXPECTATIONS ARE HEATING UP AGAIN
🇺🇸 The latest University of Michigan data shows 1 year inflation expectations jumped to 4.6% in September from 4.0% in August.
5 year inflation expectations also moved up to 3.4%, adding to concerns about persistent price pressures.
At the same time, Treasury yields remain elevated.
The 10 year yield was around 5.03% on September 24, while the 30 year yield was around 5.53%.
US federal debt has also crossed the $40 trillion mark, adding another layer to the rate debate.
This creates a difficult macro setup:
Higher inflation expectations
Higher Treasury yields
Large government debt
Tighter financial conditions
For crypto, the key question is whether inflation starts cooling or forces markets to price a more hawkish Fed path.
$BTC and risk assets could remain highly sensitive to the next inflation and Fed updates. 📊
$ZEC
$ETH
🇺🇸 The latest University of Michigan data shows 1 year inflation expectations jumped to 4.6% in September from 4.0% in August.
5 year inflation expectations also moved up to 3.4%, adding to concerns about persistent price pressures.
At the same time, Treasury yields remain elevated.
The 10 year yield was around 5.03% on September 24, while the 30 year yield was around 5.53%.
US federal debt has also crossed the $40 trillion mark, adding another layer to the rate debate.
This creates a difficult macro setup:
Higher inflation expectations
Higher Treasury yields
Large government debt
Tighter financial conditions
For crypto, the key question is whether inflation starts cooling or forces markets to price a more hawkish Fed path.
$BTC and risk assets could remain highly sensitive to the next inflation and Fed updates. 📊
$ZEC
$ETH
