Inflation is rising, while the Treasury is running out of cash US CPI for September came in at 3.7% today, above the expected 3.6% and up from 3.4% the previous month. PPI data comes out tomorrow, but the trajectory toward higher inflation is already becoming clear This gives the Fed another reason to consider raising rates at its October 27-28 meeting. What’s happening with the markets??? Crypto, European stocks, gold, and US equities have already partially priced this in, dropping 1-2% immediately after the news broke. So far, though, we haven’t seen a break below any key levels. Altcoins are in a much tougher spot, sitting 20-50% below their local highs. For now, we wait for more data and hope there are no major market shocks over the next two weeks. But something tells me Trump could enjoy tanking the markets first, only to send them sharply higher again right before the midterm elections