BREAKING: US CPI just came in at 3.8%, highest since May 2023.
Core CPI came in at 2.8%, highest in the last 8 months since September 2025.
Both numbers came in above expectations.
The CME FedWatch Tool is now showing a higher probability of a rate hike rather than a rate cut at the upcoming FOMC meeting.
Eight months ago the entire conversation was about how many times the Fed would cut rates in 2026.
The Fed cannot cut with inflation at 3.8%. The Fed cannot hike without crashing an economy already slowing under the weight of an active war and oil above $100.
Powell called this trap on his last day as Fed Chair and the data just proved him right.
#Bitcoin #CryptoNews #CPI #Fed #FOMC
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