But financial markets, whether crypto or equity, are generally less worried about inflation’s direct impact on Main Street than about the Federal Reserve’s response via the money supply, aka its overnight interest rate. The muted equities drop so far, even on higher-than-expected numbers, reflects that the Fed has already announced an aggressive schedule of interest rate hikes, plans that have already pushed equity markets down nearly 15% since their January peak. In the parlance, even a higher-than-expected CPI result was to some extent already “priced in.”
Related posts
-
Bitcoin Awaits PCE Inflation Report
Solana’s SOL token has outperformed Ethereum’s ETH token this week after New York-based investment management firm... -
Argentina Records First Week of Zero Inflation in 30 Years; Milei Claims He’s Redefining Economic Theory
Argentina is reaping its first rewards in the fight... -
Bitcoin (BTC) Forges Double Top Ahead of Fed’s Preferred Inflation Reading
“Technically, bitcoin appears to follow a double top formation, whereas the support level is being tested....