#SPX / $BTC / #Inflation: The expected 3.4% could signal false calm.⚠️ Tomorrow at 14:30, the US Consumer Price Index for August will be released. The consensus: 🔵 Headline inflation: +0.4% MoM | +3.4% YoY 🟠 Core inflation: +0.2% MoM | +2.4% YoY The key point: Although the annual rate is expected to remain steady at 3.4%, the monthly price increase is forecast to accelerate from +0.1% to +0.4%. The unchanged annual rate could therefore mask fresh price pressures due to base effects. Meanwhile, core inflation is expected to decline from 2.5% to 2.4%. 🔥 Higher than expected—especially in core rate: Expectations for rate hikes, US yields, and the dollar could rise. Equities and Bitcoin may come under pressure. ❄️ Lower than expected: The prospect of unchanged interest rates gains weight. Risk assets could rally. If headline and core inflation diverge, the initial market reaction may quickly reverse. Will headline inflation or the more critical core inflation surprise tomorrow? Let’s go 💪 Knowledge is wealth. Recognize trends. Act with foresight. TSC | Trend Serra Capital