🚨 CPI COULD DECIDE THE FED’S NEXT MOVE IN DECEMBER: CRYPTO MARKETS ON ALERT!
All eyes are on the U.S. October CPI report, due on November 10 at 8:30 a.m. Eastern Time.
Economists expect headline inflation to rise between 0.3% and 0.4% from the previous month, while core CPI is forecast to come in between 0.2% and 0.3%.
Markets are already pricing in an approximately 80% chance that the Fed will raise rates by 25 basis points in December. A higher-than-expected CPI reading could strengthen the dollar, push Treasury yields higher, and increase pressure on Bitcoin and altcoins. However, cooler inflation could reignite risk appetite and support a recovery in the crypto market.
The key question is whether inflation is finally coming down or pushing the Fed to raise rates again.
A single CPI report could change the outlook for December interest rates.
Will Bitcoin react by moving up or down? What’s your prediction?
#cpitestsdecemberrateoutlook $BTC
All eyes are on the U.S. October CPI report, due on November 10 at 8:30 a.m. Eastern Time.
Economists expect headline inflation to rise between 0.3% and 0.4% from the previous month, while core CPI is forecast to come in between 0.2% and 0.3%.
Markets are already pricing in an approximately 80% chance that the Fed will raise rates by 25 basis points in December. A higher-than-expected CPI reading could strengthen the dollar, push Treasury yields higher, and increase pressure on Bitcoin and altcoins. However, cooler inflation could reignite risk appetite and support a recovery in the crypto market.
The key question is whether inflation is finally coming down or pushing the Fed to raise rates again.
A single CPI report could change the outlook for December interest rates.
Will Bitcoin react by moving up or down? What’s your prediction?
#cpitestsdecemberrateoutlook $BTC
