Hi HODLers and Hiveans,
It seems like we are getting into a trend for inflation numbers, they've been lower than expectations for at least 2 months now.
This is true in the US but also in other geographies that I am following (EU, LATAM...).
Expectations were for the CPI Index to be 2.5% and it came in at 2.4%.
It did not take long for DJT to write a tweet on his Truth SocialPlatform:
>“GREAT NUMBERS! FED SHOULD LOWER ONE FULL POINT,”
Obviously, I do not believe J.Powell will lower FED interest rates by a full point, but it does make it more likely that we start seeing some cuts maybe in a future meeting.
Other Central Banks have been cutting interest rates for months now. ECB has done a few and came out to say they think they've done enough for this year.