CPI drops in 5 hours. Here's what matters:
Expectations:
• Headline inflation: 3.6% YoY (up from 3.4%)
• Monthly CPI: 0.6% (vs 0.4% prior)
• Core inflation: 2.5% YoY
• Monthly core: 0.2% (slight cooling)
Hotter than expected = Fed stays hawkish = $BTC and risk assets get hammered
Cooler than expected = rate cut hopes back on = crypto catches a bid
Volatility incoming either way. Position accordingly.
Expectations:
• Headline inflation: 3.6% YoY (up from 3.4%)
• Monthly CPI: 0.6% (vs 0.4% prior)
• Core inflation: 2.5% YoY
• Monthly core: 0.2% (slight cooling)
Hotter than expected = Fed stays hawkish = $BTC and risk assets get hammered
Cooler than expected = rate cut hopes back on = crypto catches a bid
Volatility incoming either way. Position accordingly.