Every month everyone seems to be focused on a CPI (Consumer Price Index) and while this does tell us a bit about the economy it's a very pinpoint finite look into the massive beast of the economy which has now spread to the likes of crypto as well.
The CPI report came in today with a 0.2% gain which is one of it's lowest levels. However it's still inflation on your goods and even if you combined that over 12 month's you're still well over that 2% target rate.
We can even look at the general inflation rate and see we have dropped to 2.5% 
These charts overall are still high compared to where they should be and I really thing that's something people forget quickly. 2% is the target or lower and has been that way for a very long time.
But people are short term thinkers for the most part and a 2.5% inflation rate compared to the 8%+ we have been having is a welcomed change.
However, these numbers could be skewed a bit as we have seen in the past during an election year we got a jobs report of this year that was over a million jobs created that was wrong.
Take note that just last month only 142,000 jobs were added so to say you over counted by 1 million jobs for the year is freakin HUGE that's roughly 7 months of fake jobs report coming out of the Biden leadership for this year alone.
This is currently sending everyone mixed signals. While the CPI number was faster and higher the overall inflation is showing lower which would put the fed into maybe adjusting rates or not. To be honest I don't think they will I don't this we will see a move until October just before elections take place in order to sway some votes again like always.
It would also be in the USA's best interest to actully not reduce the rate as the high rate at the moment is helping the economy more than hurting it. Due to increasing competitor currencies now around the world its a whole new ball game with new factors playing into the rate it's not so cut and dry as it once was.
I fear if the feds decrease the rate this month even if it's just 25 points it's going to spark more damage then good towards inflation once again. We need to hit 2% and come even below that in order to claw our way out of the massive inflation everyone has been hit with for the last four years.
The crypto world seems to be understanding this best based on it's recent price action.
Posted Using InLeo Alpha