Important news next week 🇺🇸 :
T2: Empty Message
T3: Retail Sales 🇺🇸
T4: Empty Message
T5: Number of people applying for unemployment benefits 🇺🇸
T6: PMI 🇺🇸
Next week is a relatively light week with not much new macroeconomic data released. With CPI Inflation data showing that US inflation is showing signs of slowing down again last month. In addition, US PPI Inflation data also decreased significantly compared to last month, making investors more optimistic that inflation may continue to ease in the coming months.#btc #ETH #binance #btc #BinanceTournament $BTC The results of the 2-day interest rate meeting show that the FED is somewhat hawkish when the Dot Plot shows only 1 interest rate cut this year, and Powell's somewhat hawkish statements when he still sees that Inflation is still too high and there will be risks for the economy if the FED cuts interest rates too soon, the FED can even keep interest rates high for a longer period of time if economic conditions are not desirable. However, the FED and Powell still see that inflation is making good progress and the trend is still going down, interest rate policy is working well, just a bit slower than the FED wants. The important issue here is that although the Dot Plot shows the number of interest rate cuts this year has decreased to only 1, the prospect of interest rate cuts next year is higher than previously predicted, up to 4 cuts next year. This has made the Fed's rate cut prospects clearer, and one cut this year is better than none#bitcoin$
Therefore, investors will continue to wait for data related to the US economy, including Retail Sales and PMI index in the manufacturing sector in May, to better understand the current economic situation and predict the direction of interest rates in the near future with the hope that the FED will cut interest rates at least once this year, possibly as early as September with the current rate up to (67.7% according to CME Group) after CPI, PPI data and the FOMC meeting last week.#binance
