This week, several key inflation data points will be released at the macroeconomic level, directly impacting the direction of the Federal Reserve's monetary policy. Key data to watch include:
Wednesday: Consumer Price Index (CPI)
Thursday: Producer Price Index (PPI)
The market generally expects that inflation data may rise slightly, but this will not change the overall expectation of a rate cut in December. A continuous decline for 72 hours is uncommon, so the possibility of a rebound in the short term is relatively high.
Other influencing factors:
Policy dynamics: For example, MSTR inclusion in the QQQ index, FASB accounting standards coming into effect, Federal Reserve and Bank of Japan's interest rate meetings.
Political factors: Trump may take office in January 2025, with rumors that he hopes to push Bitcoin to $150,000, which may drive ETH and other altcoins to rise in tandem.
Holiday factors: Changes in market sentiment around Christmas.