Post
Lishay_Era
šØ The U.S. consumer is losing steamābut inflation isnāt letting the Fed breathe.
July retail sales dropped 0.6% MoM, crushing expectations of +0.1%. Meanwhile, consumer sentiment slipped to 51.0, while inflation expectations climbed to 4.3%.
Thatās a messy mix for the Fed:
š Weaker spending ā less pressure to keep hiking
š„ Higher inflation expectations ā rates may need to stay higher for longer
And BTC is caught right in the middle.
āæ $63K is the line Iām watching.
#WeakConsumptionFedSplit
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