🚨 BREAKING: US inflation just came in HOT.
CPI m/m: 0.6% vs 0.5% expected. CPI y/y: 3.7% vs 3.6% expected. Core m/m: 0.3% vs 0.2% expected. Core y/y: 2.6% vs 2.4% expected.
Every single number above expectations.
Headline inflation is now climbing for the second month in a row, and core just jumped too.
What it means: Fed rate cuts get pushed further out, yields and the dollar likely move up, and stocks and crypto feel the pressure short term.
Dont trade the first candle, its usually a trap. Let the market show its hand first.