CPI Surprises 📉 Cryptocurrency Market Goes Wild! Don't Celebrate Too Early, Inflation is Still a Troubling Old Dog 🐶🔥
This morning at 8:30, the CPI data came in with an "unexpected gentleness": core and overall CPI increased by only 0.2% month-on-month, and the annual rate slid down to 2.3%, hitting a three-year low 📉. The cryptocurrency market instantly reached a peak, with prices dancing in place 💃.
BUT! Don't be fooled by this little bit of sugar in front of you — issues like cars, housing, insurance, and healthcare haven't eased at all; service industry inflation is still lurking, rising without hesitation 😈.
What's even more heartbreaking is: even the Fed's "mouthpiece" says this data isn't enough for them to loosen up and cut rates. Stabilizing? Haha, it's still too early!
In summary: what's rising today is "hope", not "confidence" ⚠️
The market is good, but if you believe it all, just wait to be greeted by reality with a shoe sole 👞💥