🆘 Will the Market Continue to Collapse After Tomorrow's CPI and Interest Rate News 🆘
This morning, influenced by the news that Biden and his administration are about to adopt policies that are considered to hinder the development of the cryptocurrency industry. The stance that hinders the development of the cryptocurrency industry has been strongly enforced by Biden and the SEC recently. The market has declined, red is dyed throughout the market.
Tomorrow, June 12, there will be a lot of important news that directly affects the cryptocurrency industry. Particularly important is the FED's announcement of the core CPI index and decision on interest rates. There are also speeches on the FOMC's economic forecasts.
Many people predict that the Fed's interest rate will remain unchanged at 5.5%. However, the CPI index is still unknown. Whether the CPI index and interest rates are announced lower or higher than expected, it will cause very strong market fluctuations.