Will US Inflation Data Boost Bitcoin? Wall Street Giants Shared Their CPI Forecasts and Expectations!

Bitcoin Sistemi

Bitcoin Sistemi

Crypto NewsBitcoinWill US Inflation Data Boost Bitcoin? Wall Street Giants Shared Their CPI...

BitcoinEconomyNews

Will US Inflation Data Boost Bitcoin? Wall Street Giants Shared Their CPI Forecasts and Expectations!

Wall Street giants shared their expectations for US inflation data.

Author:

Elif Azra Güven

12.06.2024 - 11:16

Update: 9 seconds ago

Follow

Bitcoin Sistemi Google News Button

0

Cryptocurrency investors are waiting for Bitcoin to overcome the resistances it encountered on its way to the new ATH and renew its ATH, while waiting for clues from the US Consumer Price Index (CPI) data for ATH.

The USA will publish CPI inflation data for May before the June interest rate decision that the FED will announce this evening.

The data is critical after last week's higher-than-expected US employment data dampened expectations for the FED to cut interest rates.

At this point, Wall Street giants shared their expectations regarding US inflation data.

According to the Wall Street Journal, Wall Street giants such as JPMorgan, Bank of America, Goldman Sachs, Morgan Stanley, Citigroup, UBS, Nomura, RBC and Barclays estimate that the CPI will be at 3.4%.

In contrast, BNP Paribas, TD Bank and Wells Fargo forecast CPI to fall to 3.3%.