Hi HODLers and Hiveans,
It seems like we are getting into a trend for inflation numbers, they've been lower than expectations for at least 2 months now.
This is true in the US but also in other geographies that I am following (EU, LATAM...).
Expectations were for the CPI Index to be 2.5% and it came in at 2.4%.
It did not take long for DJT to write a tweet on his Truth SocialPlatform:
>“GREAT NUMBERS! FED SHOULD LOWER ONE FULL POINT,”
Obviously, I do not believe J.Powell will lower FED interest rates by a full point, but it does make it more likely that we start seeing some cuts maybe in a future meeting.
Other Central Banks have been cutting interest rates for months now. ECB has done a few and came out to say they think they've done enough for this year.
Good CPI number which should help the overall economy and asset prices
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Powell will no reduce nothing because he is fearfull about the Impact of Trump tariffs.
Agreed, but it seems like this was well digested by the US and other countries (no sign of inflation in Europe, LATAM or Asia so far)
Let's see what happend, Trump "pause" most of tariff until july.
I don't know much about Technical Analysis,
but I know whenever they get CPI under control, they do something to wreck it.
Haha, lovely comment! It has to go up now! RIGHT? 😄
Number go up! I have been watching the M2 and that seems the most obvious signal. As long as they keep printing money, that is the hidden tax- inflation. I have been tracking every dollar this year.
https://bitcoincounterflow.com/charts/m2-global/
Most important chart to know where to put your asset in risk-on mode!
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