2023-01-20 10:29:45
6 signs that inflation is on the decline and soon the bull market will return
1. Yields on 10-year bonds have plummeted this year. The market is expecting rate cuts.
2. The DXY dollar index has fallen 11% since October, which is quite significant. US retail sales fell in December > less demand > lower prices.
3. Producer price index (PPI) fell by 0.5% in December. Wholesale prices are falling, which in turn leads to lower retail prices.
4. CPI (Consumer Inflation Index) fell 0.1% mom in December.
5. Since December 21, consumer inflation has declined.
6. The labor market is slowing down. In December, there was a slight dynamics of wage cuts.
Conclusion
Low inflation will lead to a halt in rate hikes and the economy will no longer be choked. Perhaps the Fed will even start cutting rates closer to the summer.
Globally, under the BTC halving in March 2024, bulls can be launched. And 2023 is the year of the roller coaster.
https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00
207 views07:29
F
