7.5% Consumer Price Index Print Year-over-year consumer price inflation came in above expectations today, causing volatility across a wide array of assets and asset classes this morning. Equities, credit markets, and bitcoin all immediately sold off on the move, as the market’s expectation for future Federal Reserve rate hikes soared, finishing the day with a 92.8% implied probability of two full rate hikes by the Fed in March.
Nice write up; at certain times in the price action i see hints of bitcoin trading as the risk off asset that it actually is...this is likely my confirmation bias; or could be that folks are slowly realizing that selling the hardest money ever made because youre scared of inflation is very dumb
Nice write up; at certain times in the price action i see hints of bitcoin trading as the risk off asset that it actually is...this is likely my confirmation bias; or could be that folks are slowly realizing that selling the hardest money ever made because youre scared of inflation is very dumb