According to Charlie Bilello, U.S. real wages have outpaced reported inflation year over year for 29 consecutive months after a prior 25-month stretch of negative real wage growth, signaling improved purchasing power for workers; source: Charlie Bilello on X (Nov 28, 2025) citing U.S. Bureau of Labor Statistics CPI and Average Hourly Earnings. For traders, persistent positive real wage growth supports consumer demand but can sustain services inflation pressure, potentially slowing the pace of Federal Reserve rate cuts and keeping front-end yields and the U.S. dollar firmer, a setup that can weigh on risk assets including BTC and ETH when financial conditions are tight; source: Federal Reserve FOMC statements and Monetary Policy Report on labor market and inflation. Key data to monitor for validation and trade timing are monthly CPI and Average Hourly Earnings releases and the resulting CME FedWatch rate cut probabilities, alongside DXY and U.S. 2-year Treasury moves to gauge crypto liquidity sensitivity; source: U.S. Bureau of Labor Statistics data, CME FedWatch, and Federal Reserve Economic Data (FRED).