๐บ๐ธ US CPI has surged to 4.2%, marking a 3-year high and throwing cold water on hopes for near-term Fed rate cuts.
Higher inflation means interest rates could stay elevated for longer, putting pressure on risk assets like stocks and crypto. Markets are now closely watching the Federal Reserve's next move as volatility picks up.
๐ Inflation up. ๐ฆ Rate cuts delayed. ๐ Risk markets on edge.
Will crypto hold strong, or is more turbulence ahead? ๐