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r/CryptoCurrency
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Posted by
Platinum | QC: CC 446
2 months ago
Carlos awardHelpful7Wholesome2Silver7All-Seeing Upvote

US-Inflation comes in at 8.5%, finally below estimates. Here is why that's really good for Crypto.

Just now, US CPI has offically been released and comes in at 8.5%. That's a good margin below the estimates of 8.7% and massively below last month's CPI of 9.1%. Markets will now probably start to rally. And that lower inflation was crucial for Crypto to continue its rally and expand it further on.

Also in my yesterday's post about inflation numbers I layed out the scenario of a lower than 8.7% inflation and that will mostly happen now.

It has especially been important as the FED will have no arguement at all now to do a 100bps hike and weay be looking at a 50bps hike next month that could make markets pump even more as the FED is looking to pivot now. Who knows whether inflation has peaked now bit the US government will definitely make it market like that as we are going into Midterm elections. Crypto will have less moving forward from the FED and a reversal, at least for now, is actually possible.

631 comments
81% Upvoted
level 1
· 2 mo. ago
fiat miner and burner

You know its a mess when we are relieved to see 8.5%

524
level 2
· 2 mo. ago
Platinum | QC: CC 201, CM 34, BTC 21 | NANO 6 | Politics 134

8.5% is the yearly number. The month was 0%

154
level 2
· 2 mo. ago
Tin

It only seems to have abated because inflation was already well on its way by July 2021 so it’s comparing against an already inflated baseline.

3
level 2
· 2 mo. ago
2 - 3 years account age. 75 - 150 comment karma.

I think it’s better to look at the monthly growth not the annual growth in this scenario. The relieving part isnt that annual inflation has gone down, it’s that we had 0% month over month inflation growth. That is what is a positive, meaning that we aren’t seeing costs continue to rise and that hopefully we can stay put at these prices for a while and get a string of 0% or less month over month growths together

14
level 2
· 2 mo. ago
"CryptoBro"

Anything below market estimation would be positive

9
level 2
· 2 mo. ago
Silver | QC: CC 465 | GMEJungle 28 | Superstonk 180

Yeah, lets all be happy with insane inflation numbers this entire year. It aint good. May be less bad than expected, but it isnt good.

7
level 2
· 2 mo. ago
Bronze

don't buy vibes

2
level 2
· 2 mo. ago
Bronze

Sad but really true!

2
level 2
· 2 mo. ago
Bronze | CRO 31 | ExchSubs 31

This all day. Its like the doubling the amount of USD in circulation in the last couple years wasn't enough. It's shopping time!

2
level 2

Right? In what universe is 8.5% inflation good news?!

O wait, apparently it's our timeline.

17
Continue this thread 
level 2
· 2 mo. ago
Bronze

8.5% isn’t bad at al compared to the rest of the word.

Argentina has 60%, Turkey had 78%.

EU countries like Poland had 15%, Estonia had 22%.

USA isn’t the best, but its still better than a lot of places. It doesn’t make it acceptable tho.

4
level 2
· 2 mo. ago
Platinum | QC: CC 43

its bad but everywhere else is worse

2
level 2
· 2 mo. ago
Platinum | QC: CC 724 | KIN 5

8.5% so bullish! 😂

4
level 2
Op · 2 mo. ago
Platinum | QC: CC 446

At this point you can clearly see that its all just damage controlling. The US government just wants to have a decreasing inflation to get into midterm with the right foot.

You should have said last year to someone that markets will pump after seeing a 8.5% inflation.

1
level 2
· 2 mo. ago
Bronze

8.5% is a joke when the interest you get from banks are way less than 1%

1
level 2
[deleted]
· 2 mo. ago

I knew I was going to see this comment. I knew people in this sub like you wouldn’t know the most basic detail of how inflation numbers are reported

1

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