US producer inflation just printed 6.3% for September — a full point above the 5.3% forecast. Core inflation also ran hot at 5%.
This is not transitory. This is fuel for the Fed to stay hawkish longer. Expect more pain for risk assets short-term. $BTC and alts will feel this.
Macro is still the boss. Trade accordingly.
This is not transitory. This is fuel for the Fed to stay hawkish longer. Expect more pain for risk assets short-term. $BTC and alts will feel this.
Macro is still the boss. Trade accordingly.