🆘🚨 Tonight the Fed will release the CPI Consumer Price Index, an important index to evaluate inflation 🆘🚨
At exactly 7:30 p.m. today, the Fed will announce many important indicators to measure inflation and cut interest rates:
🕛19:30, June core CPI, forecast level 0.2, previous level 0.2;
🕛19:30, CPI (month over month) June, forecast level 3.1, previous level 3.3;
🕛 19:30, CPI (year on year) June, forecast level 0.1, previous level 0.0;
🕛 First unemployment benefit request in June, forecast level 236K, previous level 238K;
🚀A lower inflation rate could reduce pressure on the Fed to raise interest rates, potentially leading to more favorable market conditions. This can be advantageous for risky assets like cryptocurrencies, as lower interest rates often encourage investment in riskier assets.
