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SaniaETH
Bitcoin doesn’t need the Fed to cut rates. It just needs the Fed to blink. 👀
The U.S. consumer is losing momentum, but inflation still refuses to cooperate.
July retail sales dropped 0.6% MoM when the market expected +0.1%. Consumer sentiment also slipped from 55.2 to 51.0.
Normally, weaker spending would make the Fed’s job easier.
But here’s the problem: 1-year inflation expectations rose from 4.2% to 4.3%.
#DailyOrbit
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