Everyone, pay attention! The Fed's remarks early this morning were only the first half!
At 8:30 p.m., a batch of major data will be released all at once. This is what will determine the market's direction tonight!
GDP, core PCE, initial jobless claims, and personal consumption expenditures will all be released at the same time. Core PCE in particular is the inflation gauge the Fed cares about most, and it directly affects whether rates will be raised in December.
If the data comes in above expectations, inflation will remain stubborn, putting pressure on the crypto market. If inflation cools, expectations for liquidity will improve, giving risk assets room to rebound.
Key point! With several reports coming out at once, the results could easily be mixed, causing choppy price action and stop-hunts. Join the chat room, and we'll look at the market reaction and trading ideas together once the data is out!
#FOMC会议 $BTC $ETH
At 8:30 p.m., a batch of major data will be released all at once. This is what will determine the market's direction tonight!
GDP, core PCE, initial jobless claims, and personal consumption expenditures will all be released at the same time. Core PCE in particular is the inflation gauge the Fed cares about most, and it directly affects whether rates will be raised in December.
If the data comes in above expectations, inflation will remain stubborn, putting pressure on the crypto market. If inflation cools, expectations for liquidity will improve, giving risk assets room to rebound.
Key point! With several reports coming out at once, the results could easily be mixed, causing choppy price action and stop-hunts. Join the chat room, and we'll look at the market reaction and trading ideas together once the data is out!
#FOMC会议 $BTC $ETH