Posteo

Bitcoin doesn’t need the Fed to cut rates. It just needs the Fed to blink. 👀 The U.S. consumer is losing momentum, but inflation still refuses to cooperate. July retail sales dropped 0.6% MoM when the market expected +0.1%. Consumer sentiment also slipped from 55.2 to 51.0. Normally, weaker spending would make the Fed’s job easier. But here’s the problem: 1-year inflation expectations rose from 4.2% to 4.3%. #DailyOrbit