According to The Kobeissi Letter, citing NY Fed data, US consumers now expect rent prices to surge by 8.4% over the next year, marking the highest projection in two years and a significant jump compared to the previous five-year average below 6.0%. This sharp rise in consumer inflation expectations could lead traders to anticipate further volatility in traditional markets and potentially drive increased interest in cryptocurrencies such as BTC and ETH as inflation hedges. Source: The Kobeissi Letter via NY Fed, June 12, 2025.