Agreed, the recent PPI data showing a spike in US inflation is a red flag. It’s casting doubt on a Fed rate cut in September, and stagflation risks are real. Markets, including crypto, are feeling the pressure from this macro uncertainty
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Yup... We only get cuts if the economy tanks!
Spot on. Rate cuts are off the table unless we see a serious economic downturn. Until then, inflation pressures will keep the Fed cautious, and markets like crypto will stay volatile under this uncertainty