đ Get ready, crypto fans! Next weekâs U.S. inflation data could bring some exciting twists to the market! đ
1/ The Federal Reserveâs preferred measure of inflation is forecasted to increase by just 0.2% for the second consecutive month. A consistent pace like this might suggest that inflation is finally cooling down, potentially paving the way for interest rate cuts.
2/ The core inflation rate over the past three months, annualized, is expected to drop to 2.1%, inching closer to the Fedâs 2% target. This has analysts buzzing about the possibility of rate cuts. Are we on the verge of a new chapter?
3/ July saw a 0.5% rise in consumer spending, marking the most significant increase in four months! đȘ This suggests the economy remains resilient, providing the Fed with more flexibility in its decisions.
4/ Fed Chair Powell is skillfully balancing inflation and employment. As inflation cools, the focus is shifting to the labor market.
5/ Powell is preparing for a comprehensive review of the post-pandemic economic response to learn from past experiences. A dose of humility and reflection is on the agenda!
What are your thoughts? Are rate cuts coming soon? Share your insights below! đ
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