Old Trump changed his tune: CPI soars to 4.2%, and he actually says "I like inflation"!


Previously, he was criticizing Powell daily for not cutting rates, now with Waller, Trump directly changes his stance—saying inflation data is "great," and he likes inflation. Basically, he's giving Waller cover not to cut rates.
The mainstream view: Inflation can't be contained, and Waller is hawkish, so the June 17th FOMC meeting is definitely not cutting rates, and some even bet on a rate hike.
For the crypto world, high interest rates + strong dollar = difficulty for Bitcoin to rise. Don't expect short-term liquidity injections. $BTC #美国5月CPI创三年新高 #非农数据超预期加息预期升温
BTC1.78%
View Original
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
  • Pinned