Major Events Next Week: CPI, PPI, Powell's Testimony, Will the Crypto Market Rise Again?
Next week, the market will welcome key data, as the U.S. CPI and PPI reports are set to be released, and Federal Reserve Chair Powell will also testify. These events could determine the Federal Reserve's next steps and directly impact the short-term direction of the crypto market.
The Tug-of-War Between Inflation Data and Interest Rate Cut Expectations
The CPI report will be released on February 12, with the market expecting core CPI to drop to 3.13%. If the data exceeds expectations, the Federal Reserve may maintain a tightening stance, delaying interest rate cut expectations, which would put pressure on risk assets like Bitcoin. PPI data is also crucial; if the Producer Price Index strengthens, it will further suppress interest rate cut expectations.
Powell's Testimony: A Market Stabilizer or a Source of Turbulence?
From February 11-12, Federal Reserve officials will be speaking frequently, and Powell's testimony may become a market barometer. Currently, the Federal Reserve is keeping interest rates unchanged at 4.25%-4.50% and emphasizes the need for clearer signs of a decline in inflation before considering rate cuts. If Powell continues to stress patience, the market may face short-term adjustments.
Global Economic Data Set to Arrive
Inflation data from China, GDP data from Japan, and economic growth data from the UK will also be released, and changes in the global economic environment will influence capital flows.
Impact on the Crypto Market
If CPI & PPI are lower than expected, interest rate cut expectations will rise, which is beneficial for the crypto market, and Bitcoin may see a new round of increases.
If inflation data exceeds expectations, the Federal Reserve's stance may be hawkish, delaying the timing of rate cuts, and the market may experience short-term adjustments.
In the short term, the market may face significant volatility next week
#BTC #比特币后市 #CPI数据 #PPI和CPI即将公布 $BTC