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Lishay_Era
đš The U.S. consumer is losing steamâbut inflation isnât letting the Fed breathe.
July retail sales dropped 0.6% MoM, crushing expectations of +0.1%. Meanwhile, consumer sentiment slipped to 51.0, while inflation expectations climbed to 4.3%.
Thatâs a messy mix for the Fed:
đ Weaker spending â less pressure to keep hiking
đ„ Higher inflation expectations â rates may need to stay higher for longer
And BTC is caught right in the middle.
âż $63K is the line Iâm watching.
#WeakConsumptionFedSplit
Ansvarsfriskrivning: OKX Orbit-innehÄll tillhandahÄlls endast i informationssyfte. LÀs mer
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