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Thoughts on the latest CPI and offshore accounts
That CPI print yesterday was a bit higher than many were expecting, especially with the 'stickiness' in services inflation. It really puts the screws on the Fed's pivot narrative and frankly, it makes me think more about diversifying certain assets away from traditional onshore accounts. I mean, with the potential for higher rates for longer, preserving purchasing power and exploring less correlated avenues becomes even more pertinent. Still watching how $ETHUSD reacts; it's held up fairly well around $1880.98 considering the broader macro pressures, but a sustained climb feels unlikely right now.
5 comments · 3 points
The CPI number was definitely a reality check. While offshore accounts offer diversification, consider the regulatory and tax implications; they're not a magic bullet for preserving purchasing power with higher rates.