Huge money flow may flow into the crypto market in the last 3 months of the year when this positive news just happened!
The United States has just released the latest Consumer Price Index data, CPI Y/Y decreased to 2.9%, even lower than the predicted 3%. This is extremely positive when CPI Y/Y has been continuously decreasing since April 2024.
Investors expect that, with CPI decreasing to nearly 2%, the possibility of the FED lowering interest rates is increasingly high, because inflation has been extremely well controlled.
The FED may even lower interest rates in September without waiting for the CPI to decrease to 2%. The reason comes from other economic indicators that are developing badly and concerns about the risk of recession.
Therefore, lowering interest rates and loosening monetary policy is an effective way to prevent economic recession, as well as inject more money into financial markets, including Bitcoin and altcoins.
