The crypto market faces a key test from macroeconomic data next week.
The U.S. September CPI report is scheduled for release on Wednesday, October 14. The market expects a month-over-month increase of 0.6% and a year-over-year increase of 3.7%, both higher than the previous readings. Core CPI is expected to rise 0.2% month over month and 2.5% year over year. The PPI report follows on October 15, with a month-over-month increase of 0.6% expected.
Markets expect rates to remain unchanged at the October policy meeting, but the September FOMC minutes showed that officials had considered another 25-basis-point rate hike this year. CME FedWatch currently puts the probability of a rate hike at just 17.7%. If inflation comes in above expectations, it could further dampen risk appetite and increase volatility in crypto assets such as $BTC .
(Source: CoinGape)
#CPI #美联储 #Cryptocurrency
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
The U.S. September CPI report is scheduled for release on Wednesday, October 14. The market expects a month-over-month increase of 0.6% and a year-over-year increase of 3.7%, both higher than the previous readings. Core CPI is expected to rise 0.2% month over month and 2.5% year over year. The PPI report follows on October 15, with a month-over-month increase of 0.6% expected.
Markets expect rates to remain unchanged at the October policy meeting, but the September FOMC minutes showed that officials had considered another 25-basis-point rate hike this year. CME FedWatch currently puts the probability of a rate hike at just 17.7%. If inflation comes in above expectations, it could further dampen risk appetite and increase volatility in crypto assets such as $BTC .
(Source: CoinGape)
#CPI #美联储 #Cryptocurrency
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.