The nonfarm payrolls just pushed rate-hike expectations higher, and CPI is due out again on Tuesday.
The US added 165,000 nonfarm jobs last week, far above expectations. Bitcoin had finally managed to steady a bit over the past couple of days, and I’m genuinely worried inflation data will give it another kick.
The US will release October CPI at 9:30 p.m. Beijing time on November 10. There’s something unusual about this release: some data for October last year are missing, so most indicators won’t have year-over-year figures. The main thing to watch will be the month-over-month numbers.
More than anything, I hope this data gives the market a chance to catch its breath.
#CPI前瞻，12月利率走向迎关键考验
Chart: Economy in Context; data from BLS / FRED; CC BY 4.0
https://economyincontext.org/chart/cpi/
The US added 165,000 nonfarm jobs last week, far above expectations. Bitcoin had finally managed to steady a bit over the past couple of days, and I’m genuinely worried inflation data will give it another kick.
The US will release October CPI at 9:30 p.m. Beijing time on November 10. There’s something unusual about this release: some data for October last year are missing, so most indicators won’t have year-over-year figures. The main thing to watch will be the month-over-month numbers.
More than anything, I hope this data gives the market a chance to catch its breath.
#CPI前瞻，12月利率走向迎关键考验
Chart: Economy in Context; data from BLS / FRED; CC BY 4.0
https://economyincontext.org/chart/cpi/
