Cooler-Than-Expected CPI Eases Inflation Fears: Green Light for Crypto Risk-On Rally
Yesterday's November CPI data delivered a pleasant surprise, with the year-over-year headline rate rising to just 2.7%—well below consensus forecasts around 3.1%—while core CPI cooled to 2.6%, the lowest since early 2021. Impacted by the prior government shutdown, the report lacked standard month-on-month figures, but the annual readings underscore disinflationary progress amid subdued price pressures.
Typically, hotter CPI fuels dollar strength and hawkish Fed expectations; this softer print does the opposite, reducing upside risks to interest rates and signaling a more accommodative path ahead.
For the crypto market, lower inflation is unequivocally bullish. It bolsters odds for sustained or additional Fed easing, weakening the dollar and encouraging capital flows into high-beta assets like Bitcoin and Ethereum.
BTC hovering near $85,000 amid recent volatility, this data reinforces the "bad news is good news" dynamic—easing macro headwinds and supporting renewed upside momentum into year-end.
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