The inflation data was released, exceeding the previous value and expectations, which shows that there is still a certain pressure on the US inflation problem, which may have a negative impact on the market.
The negative effect of CPI data suggests that the interest rate cut may be postponed. But it should be noted that CPI data is only part of the inflation data, and the Federal Reserve pays more attention to PCE data because it is more objective and true.
Although the market currently expects that the Federal Reserve may not cut interest rates for the time being, I personally believe that a rate cut is still in the works. This view is a reverse thinking, although lacking actual evidence, it is worth paying attention to. It is possible that the Federal Reserve uses CPI data to guide market expectations, and then implements a rate cut when the market's expectations for rate cuts fall to a freezing point.
For risk markets, the collapse of expectations for rate cuts may lead to a rebound in market sentiment, but the market may adapt relatively quickly to a state of no rate cuts. At the same time, the market will face a negative impact and needs to be handled with caution.
In the cryptocurrency market, the support level mentioned earlier may face greater pressure, and market trends need to be closely monitored. The opening of the U.S. stock market may have an impact on the crypto market, especially when the U.S. stock market falls. The current support level is 66,500, and you need to pay attention to its situation😳
The negative effect of CPI data suggests that the interest rate cut may be postponed. But it should be noted that CPI data is only part of the inflation data, and the Federal Reserve pays more attention to PCE data because it is more objective and true.
Although the market currently expects that the Federal Reserve may not cut interest rates for the time being, I personally believe that a rate cut is still in the works. This view is a reverse thinking, although lacking actual evidence, it is worth paying attention to. It is possible that the Federal Reserve uses CPI data to guide market expectations, and then implements a rate cut when the market's expectations for rate cuts fall to a freezing point.
For risk markets, the collapse of expectations for rate cuts may lead to a rebound in market sentiment, but the market may adapt relatively quickly to a state of no rate cuts. At the same time, the market will face a negative impact and needs to be handled with caution.
In the cryptocurrency market, the support level mentioned earlier may face greater pressure, and market trends need to be closely monitored. The opening of the U.S. stock market may have an impact on the crypto market, especially when the U.S. stock market falls. The current support level is 66,500, and you need to pay attention to its situation😳