Core CPI last month increased just 0.2% and lower than expectations. So if labor market stays steady, no other exogenous shocks (lol), then Powell likely cuts rates in March? Global liquidity has been trending down to start year so rate cuts would alleviate headwinds for risk assets Either way, long time preference on #bitcoin means we don’t have to fret about each time Powell wears his purple tie and speaks about 25bps Defund fiat, fund sound money.