$BTC CPI is about to be released—what is Wall Street waiting for?
U.S. stocks rose slightly ahead of the September CPI report. This is the key indicator to watch today.
Headline CPI is expected to rise 3.6% year over year, compared with 3.4% previously.
Core CPI is expected to come in at 2.5%, while the monthly increase may slow from 0.3% to 0.2%.
If CPI comes in higher than expected, expectations that the Federal Reserve will maintain its hawkish stance could return. The U.S. dollar and yields may then rise, adding pressure to risk assets such as BTC and the Nasdaq.
Conversely, easing inflation would allay market fears of a new wave of interest-rate hikes and could help bring money flows back.
In addition to CPI, a series of reports from Bank of America, Morgan Stanley, and BlackRock are also due today.
One notable development is that ASML raised its annual revenue forecast to between EUR 44 billion and EUR 45 billion. Demand for chips and AI infrastructure remains very strong, with some customers even placing orders for 2029 and 2030.
For Mai, there’s no need to rush into guessing which way BTC will move today.
U.S. stocks rose slightly ahead of the September CPI report. This is the key indicator to watch today.
Headline CPI is expected to rise 3.6% year over year, compared with 3.4% previously.
Core CPI is expected to come in at 2.5%, while the monthly increase may slow from 0.3% to 0.2%.
If CPI comes in higher than expected, expectations that the Federal Reserve will maintain its hawkish stance could return. The U.S. dollar and yields may then rise, adding pressure to risk assets such as BTC and the Nasdaq.
Conversely, easing inflation would allay market fears of a new wave of interest-rate hikes and could help bring money flows back.
In addition to CPI, a series of reports from Bank of America, Morgan Stanley, and BlackRock are also due today.
One notable development is that ASML raised its annual revenue forecast to between EUR 44 billion and EUR 45 billion. Demand for chips and AI infrastructure remains very strong, with some customers even placing orders for 2029 and 2030.
For Mai, there’s no need to rush into guessing which way BTC will move today.