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GTA VI and CRYPTO GAMING?🤔 #crypto #CryptoCommunity #bitcoin

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Jul 2024 the first rate hike? 🤔 #EconomyMatters #CryptoEnthusiast #HikeAdventures #FinanceGeeks #CryptocurrencyNews #OutdoorLovers #BusinessInsights #CryptoCommunity #HikingLife #FinancialFreedom

Yesterday’s inflation numbers came in flat, driven by plunging energy costs — standard in early recession. And, of course, fortified by a fictitious 34% drop in health insurance costs. The numbers were a bump of coke to markets, who decided the Fed’s done hiking. Yet core inflation came in hot once again, marking the 28th month at or above 4% in this very transitory inflation of ours. Beyond energy, we saw ominous drops in used cars and household goods. Both suggesting consumers are battening down the hatches.

Inflation YoY % Change I mentioned a couple months ago we would likely start to see it going back down. This was back when OIL was moving up. You can see the effects of the Fed are starting to take hold. Disinflation is more likely than hyperinflation