The U.S. PPI and the Consumer Price Index (CPI) are about to be released this week.
Investors are preparing for any market movements in reaction to upcoming data.
All eyes are on the impending release of critical economic figures as the cryptocurrency market prepares for a significant week. U.S statistics from the Consumer Price Index (CPI) and the Producer Price Index (PPI) are anticipated by investors with great anticipation, as they will provide insight into inflation tendencies.
Amidst mounting worries about possible Federal Reserve rate cuts, these indicators continue to have considerable influence on market mood and the pricing of cryptocurrencies.
High Volatility Expected
The crypto market is getting ready for some major economic data this week. Important measures for tracking inflation trends, the U.S. Producer Price Index (PPI) and the Consumer Price Index (CPI) are about to be released.
Participants in the cryptocurrency market will be keenly watching these numbers, as well as the minutes from the March FOMC meeting and the monthly publication of the U.S. federal budget, since they are expected to give crucial insights.
The consumer price index (CPI), minutes from the March FOMC meeting of the Federal Reserve, and the monthly U.S. federal budget are all set to be issued on Wednesday, April 10. In particular, these measures are critical indicators of the state of the economy and the rate of inflation right now.
On the other hand, Thursday, April 11, will see the publication of the U.S. Producer Price Index (PPI), which will further intensify market scrutiny. Crypto market participants are preparing for any market movements in reaction to upcoming data, while the CME FedWatch Tool indicates that the Federal Reserve is likely to keep interest rates constant with a 95.2% probability.
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