BTCC
/
BTCC Square
/
Coindesk
/
U.S. July CPI Disappoints: Core Stubborn at 3.1% Despite Soft 2.7% Headline
U.S. July CPI Disappoints: Core Stubborn at 3.1% Despite Soft 2.7% Headline
24
1
Inflation’s sticky core won’t quit—while the headline number plays nice.
The Fed’s Nightmare:
Core CPI clings to 3.1% like a Wall Street banker to bonuses, shrugging off hopes for a steeper drop. Meanwhile, the 2.7% headline print? Just enough to keep the doves cooing—but not enough to silence the hawks.
Market Whiplash Ahead?
Traders now face the old song: ‘Transitory’ is dead, but ‘higher for longer’ might be overstaying its welcome. Goldilocks? More like Bear-trap-locks.
Cynical Take:
Another day, another CPI report proving economists’ crystal balls are just fancy paperweights. At least crypto’s volatility looks predictable by comparison.
By:
