📊 CPI Cools, Crypto Glows: Short-Term Bullish Energy 💹✨
Headline CPI for July came in at 2.7% YoY—just under the 2.8% forecast—fueling market hopes for a September Fed rate cut. 📉💵
But Core CPI stayed hot at 3.1%, hinting the Fed may not go all-in on easing just yet. 🔥⚖️
Market Reaction 🌍💱
📈 Stocks: Jumped toward record highs
📉 Bond Yields: Slipped lower
💱 Dollar: Weakened against major currencies
Crypto Pulse 🪙🚀
Bitcoin (BTC): Steady near $119K on risk-on sentiment 🟢
Ethereum (ETH): Rallied 3–4% to around $4.4K, boosted by a short squeeze 💥
💡 Takeaway:
The CPI print gave crypto a short-term bullish push, but sticky core inflation means this rally could be steady, not explosive. Stay sharp—Fed caution could keep volatility alive. 🧐📊
