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Bi Trader 03
The signal isn’t simply “weaker growth= lower rates.”
July retail sales fell 0.6% MoM vs. +0.1% expected, while Michigan sentiment dropped to 51.0 from 55.2.
Softer demand and cooler inflation reduce the case for a September hike, but1-year inflation expectations rising to 4.3% complicate the easing outlook.
My take: more weakness could support gold and BTC via a softer dollar and lower yields, but sticky inflation expectations may limit upside in risk assets.
#WeakConsumptionFedSplit #OKX.ai
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