All eyes on Wednesday's FOMC
All eyes are on the FOMC this week after yet another negative inflation surprise reaped havoc in crypto and equities alike.
Sep 20th 2022
Source: FTX API (Minutely trade data during FOMC meetings)
*Dates included: 2021: Apr 28th, Jun 16th, Jul 28th, Sep 22nd, Nov 3rd, Dec 12th. 2022: Jan 26th, Mar 16th, May 4th, Jun 15th, July 27th
The August CPI print exceeded expectations by 0.2% last Tuesday, leading BTC to plunge alongside equities, as YoY inflation printed 8.3%, while core CPI, which excludes volatile assets such as energy, rose 0.6%.