Hello everyone 💐
Today is a crucial turning point for #BTC !
The data coming from the U.S. continues to align with our expectations. Yesterday, the U.S. Producer Price Index ( #PPI ) came in below expectations at 2.2%.
All eyes are now on the U.S. annual inflation data, which will be released at 15:30 Turkish time today. Market expectations are at 3.0%, the same as the previous figure.
#Fed Federal Reserve Chairman Jerome Powell and his team may take an important step toward guiding inflation toward their 2% target today. If annual inflation comes in lower than expected, we could see a return to the 2% levels for the first time in a long while. This would provide more room for riskier assets to maneuver.#CryptoMarketMoves
It's almost certain that the Federal Reserve will cut interest rates in September. A 25 or 50 basis point cut is on the table, and as of now, the likelihood of a 50 basis point cut seems stronger.
