BLS RELEASES CPI REPORTS
The US BLS has released CPI reports shortly.
US CPI reports are being watched by the Fed for further rate decisions. It indicates inflationary pressures on the economy.
🔷 CPI (yearly) - 3.7% against forecast of 3.6% ( Previous 3.4%)
🔷 CPI (monthly) - 0.6% against forecast of 0.6% (Previous 0.4%)
🔷 Core CPI (yearly) - 2.6% against forecast of 2.5% (Previous 2.4%)
🔷 Core CPI (monthly) - 0.3% against 0.2% (Previous 0.3%)
POSSIBLE IMPACTS
🔻 Short-term: Bearish pressure, more volatility.
🔻 Inflation came in hotter than expected, especially core CPI.
Why? This can strengthen the US dollar and increase Treasury yields, putting pressure on risk assets like crypto.
#CPIWatch
#Write2Earn
The US BLS has released CPI reports shortly.
US CPI reports are being watched by the Fed for further rate decisions. It indicates inflationary pressures on the economy.
🔷 CPI (yearly) - 3.7% against forecast of 3.6% ( Previous 3.4%)
🔷 CPI (monthly) - 0.6% against forecast of 0.6% (Previous 0.4%)
🔷 Core CPI (yearly) - 2.6% against forecast of 2.5% (Previous 2.4%)
🔷 Core CPI (monthly) - 0.3% against 0.2% (Previous 0.3%)
POSSIBLE IMPACTS
🔻 Short-term: Bearish pressure, more volatility.
🔻 Inflation came in hotter than expected, especially core CPI.
Why? This can strengthen the US dollar and increase Treasury yields, putting pressure on risk assets like crypto.
#CPIWatch
#Write2Earn