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#USMayCoreInflationBelowForecast
Short & Bullish Momentum
Core CPI Misses Forecasts! Relief for Risk Assets?
The markets just got the relief print they were looking for. While headline CPI looks hot at 4.2% YoY due to energy prices, the Core CPI printed at 0.2% MoM, coming in lower than the 0.3% market expectation!
This #USMayCoreInflationBelowForecast event is a solid narrative shift. It suggests underlying inflation is moderating, easing immediate pressure on the Fed to sound ultra-hawkish at the next FOMC meeting.
Already seeing some green candles across major pairs as the Dollar Index (DXY) drops post-release. 📉 Move capital back into majors or watch from the sidelines? What’s your play for the next 24 hours?
#BTC #Altcoins #TradingReflections $BTC
Short & Bullish Momentum
Core CPI Misses Forecasts! Relief for Risk Assets?
The markets just got the relief print they were looking for. While headline CPI looks hot at 4.2% YoY due to energy prices, the Core CPI printed at 0.2% MoM, coming in lower than the 0.3% market expectation!
This #USMayCoreInflationBelowForecast event is a solid narrative shift. It suggests underlying inflation is moderating, easing immediate pressure on the Fed to sound ultra-hawkish at the next FOMC meeting.
Already seeing some green candles across major pairs as the Dollar Index (DXY) drops post-release. 📉 Move capital back into majors or watch from the sidelines? What’s your play for the next 24 hours?
#BTC #Altcoins #TradingReflections $BTC
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