As I said in the update. 👀 Market was pumped 2.30% from there after shared my CPI update 🚀
LIVE
THE DOCTOR CRYPTOHUB
--
Bullish
The expected Consumer Price Index (CPI) rate for July 11, 2024, is forecasted to show an annual headline inflation rate of 3.1%, down from 3.3% in May. The monthly inflation rate is expected to be 0.1%. For core CPI, which excludes food and energy prices, an annual increase of 3.5% and a monthly rise of 0.3% are anticipated.
Regarding the impact on the cryptocurrency market, lower-than-expected inflation can be beneficial. Lower inflation rates can reduce pressure on the Federal Reserve to raise interest rates, potentially leading to more favorable market conditions. This can be advantageous for risk assets like cryptocurrencies, as lower interest rates typically encourage investment in higher-risk, higher-reward assets.
Ansvarsfraskrivelse: Indeholder udtalelser fra tredjeparter. Ikke økonomisk rådgivning. Kan indeholde sponsoreret indhold.Se vilkår og betingelser.
0
Udforsk de seneste kryptonyheder
⚡️ Vær en del af de seneste debatter inden for krypto