🚨TODAY IS ANOTHER IMPORTANT DAY FOR THE CRYPTO MARKET! 🇺🇸
The Producer Price Index (PPI) is expected to be released at 8:30 a.m. Eastern Time (ET).
Previous reading: 5.4%. Forecast: 5.3%.
📈 Below 5.3% — a positive signal for the market that could strengthen expectations of a pause in Fed rate hikes.
📈 At 5.3% — a moderately positive result, as inflation will have slowed compared to the previous month.
📉 Above 5.3% — could increase pressure on other risky assets.
After yesterday’s volatility, today’s data could be another major market catalyst!
Stay cautious🤝
The Producer Price Index (PPI) is expected to be released at 8:30 a.m. Eastern Time (ET).
Previous reading: 5.4%. Forecast: 5.3%.
📈 Below 5.3% — a positive signal for the market that could strengthen expectations of a pause in Fed rate hikes.
📈 At 5.3% — a moderately positive result, as inflation will have slowed compared to the previous month.
📉 Above 5.3% — could increase pressure on other risky assets.
After yesterday’s volatility, today’s data could be another major market catalyst!
Stay cautious🤝