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Market Alert: US CPI Data on the Horizon
The cryptocurrency market is on edge as it anticipates the release of the US Consumer Price Index (CPI) data later this week. This report is crucial for assessing inflation trends and will be closely watched by investors. Recent disappointing US jobs data has dampened hopes for a 50 bps rate cut by the Federal Reserve.
Key points to note:
CPI Release Date: Thursday, October 10.
Expectations: CPI is projected to cool to 0.1% in September (down from 0.2% last month) and an annual rate of 2.3% (down from 2.5%).
Core CPI: Expected to show a cooling inflation of 0.2% (down from 0.3%) but is estimated to remain steady at 3.2% YoY.
Investors should stay vigilant as these figures will influence the Fed's monetary policy decisions.
#CPIData #CryptoMarket #Binance #InvestSmart #Write2Earn!
The cryptocurrency market is on edge as it anticipates the release of the US Consumer Price Index (CPI) data later this week. This report is crucial for assessing inflation trends and will be closely watched by investors. Recent disappointing US jobs data has dampened hopes for a 50 bps rate cut by the Federal Reserve.
Key points to note:
CPI Release Date: Thursday, October 10.
Expectations: CPI is projected to cool to 0.1% in September (down from 0.2% last month) and an annual rate of 2.3% (down from 2.5%).
Core CPI: Expected to show a cooling inflation of 0.2% (down from 0.3%) but is estimated to remain steady at 3.2% YoY.
Investors should stay vigilant as these figures will influence the Fed's monetary policy decisions.
#CPIData #CryptoMarket #Binance #InvestSmart #Write2Earn!
