The big one is coming? ? ? Fed meeting minutes and US CPI data will guide the market direction
As the cryptocurrency market matures, external economic factors have an increasingly significant impact on it. Tomorrow (Thursday), two major events will be staged one after another, which may bring significant fluctuations to the currency circle.
First, at 2 a.m., the Federal Reserve will release the minutes of its monetary policy meeting. As one of the world's most important central banks, the Federal Reserve's decisions have a profound impact on the global economy and financial markets. The content of the meeting minutes will reveal the Fed's views on the current economic situation and the direction of future monetary policy. For the cryptocurrency market, the Federal Reserve’s decisions can often trigger violent market fluctuations.
Immediately afterwards, at 8:30 pm, the United States will announce the annual rate of CPI before seasonally adjustment in September and the monthly rate of CPI after seasonally adjustment in September. CPI is an important indicator for measuring the price level of consumer goods and services, and its changes have an important impact on inflation and economic growth. If the CPI data is higher than expected, it may trigger market concerns about inflation, which will in turn have an impact on the financial market. For the cryptocurrency market, the release of CPI data is also of great significance and may trigger violent market fluctuations.
Whether the market will stand firm at the 60,000 mark tomorrow or fall below it depends on whether these data are powerful.
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