#USSeptemberCPIRisesTo3.7%
đșđž US CPI
đ Actual inflation: 3.7%
đ Previous: 3.4%
â ïž Forecast: 3.6%
✠Main reason: Rising gasoline prices.
âż Impact on crypto
đŽ Bitcoin: Downward pressure after the report.$BTCDOM
đ ETH and altcoins: May also face selling pressure.$ETH
đŠ Federal Reserve: Could keep interest rates higher for longer, or consider another hike.$DUSK
Bottom line: The CPI result is bearish for crypto in the short term because inflation was higher than expected. It does not guarantee further price drops.
#US #USDT
đșđž US CPI
đ Actual inflation: 3.7%
đ Previous: 3.4%
â ïž Forecast: 3.6%
✠Main reason: Rising gasoline prices.
âż Impact on crypto
đŽ Bitcoin: Downward pressure after the report.$BTCDOM
đ ETH and altcoins: May also face selling pressure.$ETH
đŠ Federal Reserve: Could keep interest rates higher for longer, or consider another hike.$DUSK
Bottom line: The CPI result is bearish for crypto in the short term because inflation was higher than expected. It does not guarantee further price drops.
#US #USDT