U.S. CPI 6.4% YoY, est. 6.2%, prior 6.5% \ stacker news ~bitcoin

U.S. CPI 6.4% YoY, est. 6.2%, prior 6.5%

960 sats \ 7 comments \ @ExponentialBTC 14 Feb 2023 bitcoin

CPI 0.5% MoM, est. 0.5%, prior -0.1%, revised 0.1% CPI 6.4% YoY, est. 6.2%, prior 6.5%

CPI Ex Food and Energy 0.4% MoM, est. 0.4%, prior 0.4% CPI Ex Food and Energy 5.6% YoY, est. 5.5%, prior 5.7%

https://twitter.com/zerohedge/status/1625487729675862016 [Nitter]

Core CPI Rises 32nd Straight Month, Headline Inflation Hotter Than Expected YoY Driven By Lagging Shelter https://www.zerohedge.com/personal-finance/core-cpi-rises-32nd-straight-month-headline-inflation-hotter-expected-yoy-driven

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26 sats \ 0 replies \ @rip 14 Feb 2023 freebie

can you lower the egg prices, i need cheap proteins :(

25 sats \ 0 replies \ @TheBTCManual 15 Feb 2023

Damn I guess they're still not even close to the 2% target, I guess 5% fed funds rate is next, this over correction is going to nuts

25 sats \ 0 replies \ @blockguard 15 Feb 2023

Who even cares about CPI? It's a scam. They change the method when they feel like it.

25 sats \ 3 replies \ @rax0m 14 Feb 2023

And we pumped? That's unexpected

25 sats \ 0 replies \ @faithandcredit 15 Feb 2023

6.4% inflation and 4.75% interest. Real interest rates are negative and the low key run on the dollar is still going on.

25 sats \ 0 replies \ @nkmg1c_ventures 15 Feb 2023

We've had so many years of following the Fed and then the recent bigger hikes, this is "bullish" apparently.

It's not all about CPI. People love following CPI and Fed, but total global liquidity is increasing (because Asia lowered rates / printed money as NA/Europe have been tightening, and the overall total global liquidity went on an uptick). This matters a lot because there's now more money chasing equities in total, in theory.

25 sats \ 0 replies \ @shyfire 14 Feb 2023

Was thinking the same. Let me know if you can figure out why!