🚨 TONIGHT’S 8:30 PM FOCUS: U.S. OCTOBER CPI – A KEY VARIABLE FOR BTC AND FINANCIAL MARKETS
Tonight (Nov. 10), the U.S. will release its October CPI data. This is one of the most anticipated data releases of the week and could affect expectations for the Fed’s interest rate policy in December.
📊 Forecast figures:
🇺🇸 Headline CPI:
* Monthly CPI: +0.3% (previous: +0.6%).
* Annual CPI: +3.9% (previous: +3.7%).
🇺🇸 Core CPI (excluding food and energy):
* Monthly core CPI: +0.2% (previous: +0.3%).
* Annual core CPI: +2.8% (previous: +2.6%).
⏰ Release time: 8:30 PM on Nov. 10 (Vietnam time).
🔎 How might the market react?
* If CPI comes in above forecasts: Inflationary pressure increases, and expectations that the Fed will hold or raise interest rates could strengthen, putting pressure on stocks and crypto.
* If CPI comes in below forecasts: Expectations for a less restrictive monetary policy could improve, supporting risk assets.
* If CPI matches forecasts: The market will focus on the detailed components and the Fed’s next signals.
⚠️ Core CPI is especially worth watching because it helps assess underlying inflationary pressures and is less directly affected by fluctuations in food and energy prices.
Do you think tonight’s CPI will come in above or below forecasts? How will BTC react? 👇
#CPI #Fed #Bitcoin #Ethereum #Crypto #Macro $BTC
Tonight (Nov. 10), the U.S. will release its October CPI data. This is one of the most anticipated data releases of the week and could affect expectations for the Fed’s interest rate policy in December.
📊 Forecast figures:
🇺🇸 Headline CPI:
* Monthly CPI: +0.3% (previous: +0.6%).
* Annual CPI: +3.9% (previous: +3.7%).
🇺🇸 Core CPI (excluding food and energy):
* Monthly core CPI: +0.2% (previous: +0.3%).
* Annual core CPI: +2.8% (previous: +2.6%).
⏰ Release time: 8:30 PM on Nov. 10 (Vietnam time).
🔎 How might the market react?
* If CPI comes in above forecasts: Inflationary pressure increases, and expectations that the Fed will hold or raise interest rates could strengthen, putting pressure on stocks and crypto.
* If CPI comes in below forecasts: Expectations for a less restrictive monetary policy could improve, supporting risk assets.
* If CPI matches forecasts: The market will focus on the detailed components and the Fed’s next signals.
⚠️ Core CPI is especially worth watching because it helps assess underlying inflationary pressures and is less directly affected by fluctuations in food and energy prices.
Do you think tonight’s CPI will come in above or below forecasts? How will BTC react? 👇
#CPI #Fed #Bitcoin #Ethereum #Crypto #Macro $BTC
