🆕CPI Update:
🇺🇸 The US has just announced CPI and Core CPI:
- CPI: 2.5% | Expected: 2.6% | Previous period: 2.9%
- Core CPI: 3.2% | Expected: 3.2% | Previous period: 3.2%
✍️ Comments:
The newly released data shows that inflation in the US continues to decrease, reflecting a good downward trend in recent months. This may cause the FED to consider cutting interest rates faster than expected, but at the same time, it may also raise concerns about an economic recession, leading to a sell-off in the market due to panic.
The FED is expected to hold a FOMC meeting in September, and there is a high possibility of a move to cut interest rates. The market is currently expecting a rate cut of between 0.25% and 0.5%.👍#btc $BTC
🇺🇸 The US has just announced CPI and Core CPI:
- CPI: 2.5% | Expected: 2.6% | Previous period: 2.9%
- Core CPI: 3.2% | Expected: 3.2% | Previous period: 3.2%
✍️ Comments:
The newly released data shows that inflation in the US continues to decrease, reflecting a good downward trend in recent months. This may cause the FED to consider cutting interest rates faster than expected, but at the same time, it may also raise concerns about an economic recession, leading to a sell-off in the market due to panic.
The FED is expected to hold a FOMC meeting in September, and there is a high possibility of a move to cut interest rates. The market is currently expecting a rate cut of between 0.25% and 0.5%.👍#btc $BTC