We know that weâre witnessing waves of inflation that central banks, those time-honored guardians of currency, struggle to tame.
February unfurled with US headline inflation at 3.2%, slightly overshooting expectations, while Core
#cpi ascended to 3.8%, surpassing forecasts.
The three-month annualized core CPI has leaped by 4.2%, marking the quickest acceleration since last June.With the Core CPI inflating by 0.4% month-on-month consecutively, the pressure buildsâthese figures are not just substantial; they are excessive.
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Numbers are alarming, yes, but they're more than mere statistics. They represent the fraying edges of models once trusted to predict and control inflationâmodels that seem ill-suited to our transformed financial landscape.
Recent data paints a stark picture: inflation isnât just knocking on our door; it has let itself in. The Federal Reserve, once the captain of our monetary ship, appears to be navigating by stars that no longer align with our current cosmos.
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The new guardians?
They might just be the blockchain engineers and crypto enthusiasts, harnessing the power of the moon đ, fueled by the thrusters of innovation đ, and guided by the shining stars â of a newly envisioned economy.
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