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Tonight's CPI data is out, let's break down the key points:
- Annual rate: 2.4% (below the expected 2.5%) - Monthly rate: 0.2% (below the expected 0.3%) - Core CPI: in line with expectations
Inflation is cooling, expectations for a March rate cut are stronger, the dollar is weakening, and crypto has short-term support.
But don't get carried away! The good news is already partially priced in. Don't chase highs blindly, keep your positions under control, and we'll watch the Fed and on-chain capital movements next.
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