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US June CPI came in at 3.5% y/y versus 3.8% expected with headline prices falling 0.4% m/m, while core inflation slowed to 2.6% y/y and 0.0% m/m, both below consensus. Fed funds futures, which priced 9.2 bps of hikes for the July 29 meeting and 41 bps for the year before the release, repriced sharply lower, easing pressure on UST yields and the dollar and supporting duration-sensitive risk assets like NASDAQ growth names and BTC/ETH beta. Watch whether the dovish repricing holds as markets digest Warsh's comments, and whether upcoming PCE data confirms the disinflation signal.
As a Macro signal, watch whether it changes price action, volatility, or flows around IXIC, BTC, GC=F.
Original Source: InvestingLive News
This page is market information analysis, not investment advice.
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