CPI printed at 3% two weeks ago, above the Fed’s 2% goal. The Fed then cut 25 bp, and Powell signaled that further easing will depend on incoming data and that December is uncertain. This week’s ISM, JOLTs and consumer sentiment releases add to a picture of steady cooling, with policy guided by incoming data into year-end. Disclaimer: Deribit FZE is licensed by the VARA to provide Virtual Asset Exchange Services and does service retail clients for derivatives. DRB Panama Inc. is not regulated and services both retail and non-retail clients. Virtual Assets may lose their value in part or in full, and are subject to extreme volatility at times.(Deribit)