🦅 Today, Tuesday, I bring you the data on US inflation.
1) Inflation came in below expectations! Fig. 1
Monthly, 0.3% was expected.
And it came in at 0.2%!
Annually, 2.7% was expected.
And it came in at 2.6%!
This is very good!
Financial markets were optimistic with this data.
To the point that the S&P 500 index hit a new all-time record.
It hit 7,000 points.
2) Meanwhile, the Chairman of the FED, JEROMY POWELL, is being criminally investigated.
Why?
The reason was the remodeling work on the FED headquarters, with a very high cost of 2.5 billion dollars! Fig. 2
The US Federal Department of Justice is investigating whether there was misappropriation of funds in this remodeling.
Powell says it's persecution because he hasn't lowered US interest rates to the levels Trump wants!
I believe this war is all mixed up.
But for us Crypto HOLDERS, what we want is lower US interest rates!
With or without ego wars,
With or without persecution or criminal activity.
US inflation FELL!
Powell, lower interest rates now in January!
A word to the wise is sufficient!
🤓
3) Meanwhile, Bitcoin is trying to overcome its powerful resistance at 94/95K.
It has already been tested 8 times!
I hope that this time, for the 9th time, it will overcome it so Bitcoin can reach its ANNUAL VWAP at 101/102K.
Let's wait and see.
🤝
Luís Almeida - CEO VITRA VERSE