so…the inflation numbers are not exactly what the market wanted to see US headline CPI came in at 0.4% against expectations of 0.3%, while CORE CPI printed 0.3% against the 0.2% forecast the fed is still targeting 2% inflation, and these numbers aren’t giving policymakers much reason to rush into rate cuts tbh the market can survive bad headlines, but sustained tight liquidity is a different problem altogether if the fed has to keep rates restrictive for longer, how much room does $BTC really have to push higher, especially when altcoins are already fighting for liquidity?
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