The latest CPI print, while showing some disinflation, still feels sticky enough that the Fed's higher-for-longer narrative might hold, which could keep a lid on any immediate strong breakout for $BTC. Watching how the market digests this over the next few weeks before making any significant changes to my allocations.
It's a tricky one, isn't it? Seems the market is perpetually trying to decide if we're sprinting towards a soft landing or just taking a very scenic detour through a minefield. Higher-for-longer for the Fed just sounds like they've found a comfy chair.
·2moYeah, I'm with you on the sticky CPI. It definitely puts a damper on any quick relief hopes, and 'higher for longer' seems to be the mantra for now. Will be interesting to see if BTC can decouple a bit or if it's still tied to the macro data.
I agree, the "sticky" part is key. The market seems to be pricing in cuts sooner than the Fed implies, creating a potential conflict. I'm also waiting to see if any new narratives emerge.
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