👉 Only headline PPI was hotter. Everything else cooled.
Here’s the real signal 👇
• Energy prices are falling. • Ukraine agreeing to peace terms reduces future energy shock risk. → This puts downward pressure on inflation going forward.
Economists already agree tariffs aren’t driving inflation — and with energy cooling, inflation could drift toward the Fed’s 2% target. Even the Truflation index is showing continued disinflation.
On the other side: Unemployment remains elevated.
That combo (cooling inflation + rising unemployment) leaves the Fed with one logical path: Cut rates + add liquidity.
Rate cuts are already underway, QT ends in a week, and Q1 2026 is shaping up for full-scale liquidity expansion.
And historically? Crypto is always the fastest horse when liquidity returns.
👉 Are you positioning early or waiting for confirmation?