Consumer price index. Measure of inflation. Specifically, it’ll tell us March 2022 US inflation. Between that news (coming tomorrow at 830 am EST), and the increase in treasury yield, market is trying to anticipate what comes tomorrow and factoring in the yield. If it’s somehow magically under 7.9% YOY like February was, you’ll see instant buy pressure. Most people highly doubt that, hence the dip. IMO
Nice, thanks so much for the explanation
even if its negative, its already being cooked in, i find it fascinating that people treat FED announcements like a crypto airdrop
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