On February 13, 2024, the United States released CPI data for January.
Judging from the January CPI data released today, it can be intuitively said that unless there is a black swan in the United States in the next month and the economy experiences a recession, there is almost no possibility of an interest rate cut in March, and not just in March. The probability of a rate cut in May is very low. Although the broad CPI has declined, the monthly rate of CPI and the monthly rate of core CPI have increased. This represents a recurrence of inflation in the United States. This is a very intuitive data. In this case, the Federal Reserve chose to cut interest rates. The only possibility is an economic recession, but now the employment and economy in the United States are not bad, so the possibility of a soft road cannot be ruled out. Moreover, the annual rates of broad CPI and core CPI are both lower than expected, and core CPI has not been adjusted year-on-year. You must know that this is still data from the U.S. Bureau of Labor Statistics. Meaning a double top is more likely for#BTCand #ETH.
