Gabe Selby, head of research at CF Benchmarks, told CoinDesk that bitcoin moves hardest when inflation data forces a rethink on rates, gaining an average 3.25% across the three occasions in the past nine releases when inflation came in below expectations.
A downside surprise on July 14 was followed by a 4.24% rally. “An in-line report can remove a tail risk,” Selby said. “It takes a genuine surprise to create a catalyst.” He further sees room for the Fed to wait, with shelter costs up just 0.1%, energy down 1.5% and gasoline down 2.9%, and some goods categories now lapping last year’s tariff-driven increases.
The next tests are the Jackson Hole gathering of central bankers later this month, the Sept. 4 jobs report and the Sept. 11 inflation release.
Equities took the news better. MSCI’s Asia Pacific index rose almost 1% with Samsung Electronics and SK Hynix the biggest contributors, and Korea’s Kospi rallied almost 4% into a…
