❕🇺🇸Today is the most important day for global markets as a whole due to the US inflation data #CPI
❕🇺🇸"Consumer Price Index" is now at 3%
❕🇺🇸Expectations indicate that inflation will decline to 2.9%
❕🇺🇸The absolute positivity of the markets, including the crypto market, depends on the inflation rate falling below the expected level of 2.9%. Any reading issued below this number will see a rise in the markets.
❕🇺🇸The opposite is true if the previous reading did not change from 3% or came higher than the current numbers, we will witness a collective decline in the markets and a rise in the US dollar.
❕◻️ We will also witness more fluctuations in market prices in the coming hours.
❕◻️For speculators, it is preferable to wait for the release of this data until the price volatility stabilizes and then make your positioning decision.
❕⤵️Here are the predictions of the most important American banks and companies
❕🇺🇸Wall Street currently shows consensus expectations at 2.9%.
❕🇺🇸However, there is a 37% chance that inflation will come in above 2.9%.
❕🇺🇸There is also an 11% chance that the inflation rate will rise above 3.0%, which would bring inflation back up.
❕🇺🇸A rise in the CPI inflation rate to more than 3.0% today means that inflation has risen for 3 months out of 5 months.
❕🇺🇸On the other hand, there is a 63% chance that inflation will come in below 3.0%.
#FED -#BTC- #Cryptocurrencies