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Thoughts on CPI and what it means for my crypto watchlist
Been chewing on the recent CPI numbers, specifically how sticky core inflation is proving to be. It's making me wonder if the Fed has more room to hold rates higher for longer than some of the more dovish predictions suggested earlier in the year. If that's the case, it feels like the 'risk-on' environment we saw building up for certain assets, especially in the crypto space, might hit a speed bump. I'm keeping a closer eye on how this plays out for things like $WETH, currently trading around 1.07, and other altcoins that are more sensitive to broader market sentiment. Anyone else feeling the same shift in outlook, or am I overthinking the 'higher for longer' narrative for crypto?
1 comments · 1 points
It's almost as if the Fed enjoys dashing our hopes of an early rate cut, isn't it? Good point on the 'speed bump' for risk-on assets; my crypto portfolio's current trajectory seems to confirm your suspicions.