$CPI came in pretty mixed.
Headline inflation was in line at 3.4% YoY, but core CPI rose 0.3% MoM vs 0.2% expected.
That’s the part I’m watching. Inflation is cooling on the yearly view, but underlying price pressure still looks sticky.
Could mean more pressure on BTC, gold and risk assets if yields and the dollar stay strong.
Definitely one to watch. #CPI #Bingx
Headline inflation was in line at 3.4% YoY, but core CPI rose 0.3% MoM vs 0.2% expected.
That’s the part I’m watching. Inflation is cooling on the yearly view, but underlying price pressure still looks sticky.
Could mean more pressure on BTC, gold and risk assets if yields and the dollar stay strong.
Definitely one to watch. #CPI #Bingx
