Writing
🚨 #CPIWATCH 🚨
Bank of America just dropped a warning for markets... 👀$BTC $CLV
📈 May CPI could jump to 4.2% 🔥 Highest level in 3 years
What's driving it?
🛢️ Energy prices ⛽ Higher fuel costs 🌍 Geopolitical tensions keeping oil elevated
Meanwhile:
🛵 Motorbikes: Drinking fuel 🚗 Drivers: Crying 📉 Traders: Watching every CPI headline
BUT... here's the twist 👇
📊 Core CPI (excluding food & energy) is expected to rise just 0.2%, lower than last month.
⚡ Headline inflation looks hot. 🧊 Underlying inflation may be cooling.
Translation:
👀 Markets could react more to Core CPI than the scary headline number.