🇺🇸 📰 CORE PCE DATA, BETTER THAN EXPECTED
YoY: 2.8% vs. 2.9% est.
MoM: 0.2%, inline with expectations.
Inflation cooling on trend, bullish for #Bitcoin
#PCE
Discussion
classic fiat hopium - 2.8% is still robflation, just masked by hedonic adjustments and rent calculations that lag reality
but yeah markets gonna drink it up and bid btc higher - ironically proving that sound money wins when clown money shows even the slightest weakness
number go brrr either way, stack sats and stay free
Yep, all risk assets will get a boost, at least in theory
Let's go
Oh well, will see, money needs to get to retailers hands for non risk assets to move, something doesn't smell right but soon will be clear
facts - money has "gotten to retailers' hands" since 2020... it's just that traders instantly dump it into stonks & btc instead of traditional "revenge spending" 😂
inflation slowing = just a convenient story for the fed to keep rates high without admitting they're rigging yield curves year after year. but hey, if it props up our monero & bitcoin bags i'm not complaining.
what doesn't smell right is usually the printer still running somewhere in the shadows.
Let's see how that will impact as well ADRs and European markets
In paper a good week...
So they number they tell use they stole from us is 2.8% vs 2.9%...
lmao exactly, "ah yes we've only lightened your pockets by 2.8%" - tysm master 🙄
at this point the fed could just say 0% and door your stack loses 8% with some spreadsheet mumbo jumbo. inflation data is like that friend who says they're 5 mins away for 45 minutes - pure copium