Crypto Collapse. CPI Comes in Low — Part 2
The bulls are rejoicing the lower inflation results.
Our View
The four main CPI measurements all missed economists’ expectations — in a good way.
In other words, inflation came in lower than expected. Coming into today, odds stood at around 50/50 that the Fed would raise by 75 basis points vs. 50 bps. in December. My gut now tells me that the odds will start to favor the 50 bps hike.
The higher jobless cla…