Bitcoin slips to $62.2K as traders brace for CPI and Fed testimony
Headline CPI is set to fall on cheap gas, but Brent above $87 and sticky core inflation already have money markets pricing a 40-50% chance of a July rate hike.
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Headline CPI is set to fall on cheap gas, but Brent above $87 and sticky core inflation already have money markets pricing a 40-50% chance of a July rate hike.
The hawkish dot plot grabbed the headlines; the substance was two quiet signals — AI productivity as a disinflation force and a trimmed-mean inflation rebuild — that point to a structurally looser…
The Treasury Secretary framed the next inflation prints as the war-driven tail end of a cooling cycle, while a productivity-led rate cut path under new Chair Warsh sets the macro stage risk assets…