🔥CPI UPDATES:
➡️ CPI This Month = 3.5%
Last month = 3.2%
Estimate = 3.4%
➡️ Core CPI This Month = 3.8%
Last month = 3.8%
Estimate = 3.7%
Immediately Gold, Bitcoin, and US stocks reacted badly to the news
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Inflation data 🇺🇸 has been going in a bad direction over the past 3 months.
If the FED continues to talk about reducing interest rates, there are two reasons:
1- They are predicting a recession
2- Huge political pressure during an election year to reduce interest rates
3- Or both
