CPI: 3.8%. Expected 3.7%


Sounds small but the impact is not
Higher inflation = Fed won't cut rates anytime soon
No rate cuts = money stays expensive
Expensive money = less flows into risk assets like crypto
Short term: bearish pressure
Long term: inflation is exactly why Bitcoin exists
Two sides to every number 🎯
#CPI #FED #powell #USA
BTC-1.08%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin