June PPI Misses Forecast by 0.7 Points, Boosting Rate Cut Expectations
June PPI came in at -0.3% month over month against a consensus of 0.0%, and 5.5% year over year versus an expected 6.2%. The downside surprise followed softer-than-expected CPI data, prompting investors to reassess expectations for the Federal…
CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days
The two macro events that will define Bitcoin’s second-half trajectory land within seven days of each other: May CPI on June 10 and the FOMC dot plot on June 17. April’s headline CPI already came in at 3.8% year over year, the highest reading…
Bitcoin Fell Below $80K as Inflation Shock Ripples Through Markets
Bitcoin tumbled below the key $80,000 level this week after a series of inflation reports rattled financial markets and forced a sharp reassessment of Federal Reserve policy expectations. The leading cryptocurrency had briefly traded as high as $82,700…