PPI数据

Important Events This Week

Market Focus:
- #CPI数据 (Wednesday): The market is watching whether the year-on-year growth rate of core CPI continues to slow. If inflation data exceeds expectations, the Federal Reserve may maintain high interest rates for a longer period, which would be negative for risk assets; conversely, if it is below expectations, it may strengthen the market's bets on a rate cut in June, benefiting U.S. stocks and the crypto market.
- #PPI数据 (Thursday): PPI is a leading indicator of CPI. If PPI unexpectedly rises, it may indicate increasing business costs, which could lead to a rebound in CPI in the future.
- Initial Jobless Claims (Thursday): If the data is strong, it indicates that the job market remains tight, and the Federal Reserve may not rush to cut rates; if the data weakens, it may reinforce rate cut expectations.
- Consumer Confidence Index (Friday): Measures consumer confidence in the economy. If the data is strong, it may support consumption growth; conversely, it may trigger market concerns.

Impact on the Crypto Market:
- If CPI and PPI data are high, it may lead to rising U.S. treasury yields and a stronger dollar, which would be unfavorable for the crypto market.
- If inflation data slows, increased market expectations for rate cuts may stimulate a rise in crypto asset prices.
- If jobless claims and consumer confidence data show economic cooling, the market may look forward to a more accommodative policy from the Federal Reserve, benefiting risk assets.

Currently, the market is broadly focused on the March meeting, and interest rate decisions still rely on data performance. The upcoming data sets are crucial. What do you think?