CPI comes out tonight
October inflation data
Released in Beijing at 21:30
Simultaneously at 8:30 a.m. Eastern
Bloomberg survey expects about 0.3% month over month
Core expected at about 0.2%
Previous: September was up 0.6% month over month
Core was up 0.3%
This time, officials aren’t giving a year-over-year figure
Data collection was missing for the same period last year
Don’t force a comparison with the old year-over-year figure
A strong reading could easily revive hawkish talk
A weak one will be used to hype easing
Before the data comes out,
I’m treating this $BTC move as noise for now
I’m leaving my positions unchanged until the release
I’ll assess the results afterward
October inflation data
Released in Beijing at 21:30
Simultaneously at 8:30 a.m. Eastern
Bloomberg survey expects about 0.3% month over month
Core expected at about 0.2%
Previous: September was up 0.6% month over month
Core was up 0.3%
This time, officials aren’t giving a year-over-year figure
Data collection was missing for the same period last year
Don’t force a comparison with the old year-over-year figure
A strong reading could easily revive hawkish talk
A weak one will be used to hype easing
Before the data comes out,
I’m treating this $BTC move as noise for now
I’m leaving my positions unchanged until the release
I’ll assess the results afterward
