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Happy_shanky
#CPI and PPI Cooling Down Simultaneously, Interest Rate Hike Disagreements Widen
Both CPI and PPI are cooling down, even unemployment claims have risen, basically confirming the slowdown in inflation. The Federal Reserve's reasons for a rate hike in September are becoming increasingly insufficient.
What's frustrating is that these officials are still arguing: some are calling for a rate hike, while others think the current rates are sufficient. As long as the official stance remains divided, market expectations will be harshly suppressed.
In short: the data is improving, but officials are still pulling in different directions. In the short term, the dollar, gold, and BTC will definitely be jumping up and down. For the crypto space, this is the shakeout period before policy implementation, so hold steady and don't get shaken out by this intense volatility. The real show starts once expectations become clear! $BTC $XAUT $ETH
#DailyOrbit
