CPI print will be released on March 12

[Wind_FURY]

If the CPI is higher in a month on month basis, I'm very confident that Jerome Powell will remind everyone again that the Federal Reserve will maintain interest rates "higher for longer. But it's not going to be because of rising commodity prices like Crude Oil. There's going to be a new narrative, and it's going to be a stupid one. Analysts from the legacy financial system will start blaming Bitcoin's price surge for making the Fed's "higher for longer" longer.

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[franky1]

but with bitcoin profits, people can buy homes without the need of mortgages so the "high interest"becomes a meaningless sentence if people can buy homes without loans
only those needing loans fear interest rate highs..
only those relying on government handouts fear interest rate highs
..
investors love high interest
..
anyway
governments see inflation rate of say EG 6%+ and interest rate under say EG 4%, they see the spread as a good deal

imagine the bonds they have to pay at 4%. but inflation means they get 6% higher of tax into treasury*. so they can pay out the bond interest with less treasury amount(keep 2% difference)

governments for the next decade want inflation higher than interest, its good for them
and if interest remains high it helps push inflation to be higher. benefitting government

you will never see government trying to get inflation below interest if they want to pay down debt happily
you will see government trying to get inflation below interest if they want to create more debt happily

*if goods cost X% more government get y% more in sales/income/corporation tax

[DeathAngel]

It’s all noise, they’ll say anything to try & distract you from the fact that the reason we’re in this mess is due to their reckless money printing & stimmy cheques during the pandemic. Hold tight because they will lower rates later this year & that’s when Bitcoin will fly.

[Captain Corporate]

Honestly, looking at the inflation rate at the USA, feels like its not going to be all that easy, we are going to end up with a ton of trouble if they keep getting it lower without everything is fixed. Right now the purchasing power seems still lower than pre-covid period so I think it should stay a bit more. Plus, at this point recession is unavoidable anyway, everyone has their money in investments and not at growth, so not like lowering it would instantly solve it, they would just buy up stocks and gold and crypto, still wouldn't help economy all that much. I would say wait until at least summer, and see it then, maybe it will get a lot better by that point and won't be an issue.

[Wind_FURY]

It’s all noise, they’ll say anything to try & distract you from the fact that the reason we’re in this mess is due to their reckless money printing & stimmy cheques during the pandemic.

It's definitely noise. BUT shower thought, the fact that they're starting to make a narrative about Bitcoin that "it's one of the possible causes of inflation" probably makes for an argument that it's starting to be accepted as a commodity like Gold or Crude Oil, no?

Hold tight because they will lower rates later this year & that’s when Bitcoin will fly.

They will lower rates for the wrong reasons. During the time Jerome Powell pivots, will be the time when unemployment surges. Legacy will crash before it could surge. Bitcoin might be affected, but the crash will be back to $50,000?

[franky1]

windfury
YOU are the one insinuating at first that the government may start blaming inflation on bitcoin.. in YOUR OP

There's going to be a new narrative, and it's going to be a stupid one. Analysts from the legacy financial system will start blaming Bitcoin's price surge for making the Fed's "higher for longer" longer.

(future tense meaning they have not said anything so far)

now YOU double down and take your own stupid notion to be your backed up story to then insinuate

the fact that they're starting to make a narrative about Bitcoin that "it's one of the possible causes of inflation"

its not a fact if you dreamed it up
its not a fact if you are using your own words as a source, not some actual external source

[DeathAngel]

Walter Bloomberg
@deitaone
❖ U.S CPI (MOM) (FEB) ACTUAL: 0.4% VS 0.3% PREVIOUS; EST 0.4%

❖ U.S CPI (YOY) (FEB) ACTUAL: 3.2% VS 3.1% PREVIOUS; EST 3.1%

❖ U.S CORE CPI (MOM) (FEB) ACTUAL: 0.4% VS 0.4% PREVIOUS; EST 0.3%

❖ U.S CORE CPI (YOY) (FEB) ACTUAL: 3.8% VS 3.9% PREVIOUS; EST 3.7%
https://x.com/deitaone/status/1767528615007113521

Markets holding up despite higher than predicted inflation stats for February.

More here (live ticker) https://www.marketwatch.com/livecoverage/cpi-report-for-february-dow-futures-inch-higher-ahead-of-key-inflation-data?mod=home-page

[Natsuu]

If prices keep going up every month, Powell might say they're keeping interest rates high for a while. But some analysts might spin it differently, blaming Bitcoin's rise for the Fed's decision. It's a bit of an out-there explanation and not the usual reason cited for prolonged high interest rates

[Wind_FURY]

windfury
YOU are the one insinuating at first that the government may start blaming inflation on bitcoin.. in YOUR OP

There's going to be a new narrative, and it's going to be a stupid one. Analysts from the legacy financial system will start blaming Bitcoin's price surge for making the Fed's "higher for longer" longer.

(future tense meaning they have not said anything so far)

now YOU double down and take your own stupid notion to be your backed up story to then insinuate

High asset prices, including Bitcoin + sticky inflation have always been an indication that the markets remain excessively optimistic even if it's facing some probability that the economy might could break sooner or later. WHICH they'll use as a narrative that it's making Jerome Powell and the Federal Reserve delay the pivot/rate cuts.

Although there's some truth to that because the Federal Reserve have their hands tied, the actual truth is the economy has to break before the Federal Reserve could actually pivot.

the fact that they're starting to make a narrative about Bitcoin that "it's one of the possible causes of inflation"

its not a fact if you dreamed it up
its not a fact if you are using your own words as a source, not some actual external source

Ser,

Meanwhile, over at J.P. Morgan, a recent note also touched on bitcoin's climb, but strategists said the gains could help deter the Fed and other central banks from rate cuts.

https://www.marketwatch.com/livecoverage/stock-market-today-futures-mixed-ahead-second-day-of-powell-testimony/card/two-wall-street-banks-weigh-in-on-bitcoin-s-rally-and-what-that-means-for-fed-rate-cuts--WD3rA06qH4lzRs2MLc7v

[franky1]

bitcoin is a hedge against inflation.. not the cause