Three key macro signals just turned, and investors may be underestimating what that means for the next leg of both traditional and crypto markets.
Inflation is steady but not falling, liquidity appears frozen but only temporarily, and the business cycle’s weakest point may already be behind us. December, as analysts warn, could be “very interesting.”
Inflation Holds Steady as Policy Pressure EasesReal-time inflation data from Truflation, a blockchain-based gauge, indicates that prices are rising at an annual rate of 2.5%, which is near the Federal Reserve’s 2% target. That compares to 2.3% from official BLS data, suggesting inflation has stabilized, not resurged.
2.51% Truflation pic.twitter.com/44v9pej1Se
— Mike Zaccardi, CFA, CMT