CPI data is about to be released, and interest rate cuts may set off a new storm in the cryptocurrency circle!
Some of the time points that will have a significant impact on the cryptocurrency circle this week are as follows. One of the key events this week is that the United States will release the CPI data for July at 8:30 pm on Wednesday, August 14. This data is crucial to determine whether the Federal Reserve will start cutting interest rates in September, and it is expected to cause significant fluctuations in the cryptocurrency market in the short term. The market generally expects that the interest rate cut in September is a foregone conclusion. The question is whether the first interest rate cut will be 25 basis points or 50 basis points. The CPI data released on the evening of the 14th will be the key basis for the US interest rate decision. At present, it seems that the possibility of a 50 basis point interest rate cut is very high.
Once the United States confirms that it will start cutting interest rates and expand its balance sheet, this will intensify the long-short game in the cryptocurrency circle in the short term. In the long run, a new round of quantitative easing will undoubtedly have a positive impact on the currency price and lay a solid foundation for the upcoming bull market. Contract traders should prepare in advance for possible market fluctuations.
