🔥 CPI just changed the Fed conversation.
August CPI held at 3.4% YoY, but core inflation rose 0.3% MoM, showing that price pressure isn’t cooling as quickly as markets wanted. Combined with the strong 162K jobs report and hotter PPI, the case for a Fed hike next week has strengthened significantly.
My bias? Bearish for stocks if yields keep moving higher. Higher rates can pressure valuations, especially in growth and risk assets.
🥇 Gold is more complicated. It can benefit from uncertainty, but rising real yields and a stronger dollar could create short-term pressure.
For me, the bigger question now isn’t whether CPI was “good” or “bad.”
It’s how markets reprice after it.
Bullish or bearish from here? 👀
#CPIWatch
$FLORK
$SD
$ZEC
August CPI held at 3.4% YoY, but core inflation rose 0.3% MoM, showing that price pressure isn’t cooling as quickly as markets wanted. Combined with the strong 162K jobs report and hotter PPI, the case for a Fed hike next week has strengthened significantly.
My bias? Bearish for stocks if yields keep moving higher. Higher rates can pressure valuations, especially in growth and risk assets.
🥇 Gold is more complicated. It can benefit from uncertainty, but rising real yields and a stronger dollar could create short-term pressure.
For me, the bigger question now isn’t whether CPI was “good” or “bad.”
It’s how markets reprice after it.
Bullish or bearish from here? 👀
#CPIWatch
$FLORK
$SD
$ZEC
