🔥IMPORTANT🔥
🎯This week is DEFINITIVE for the Federal Reserve, #Bitcoin and the financial markets
What data do we have that will have a strong impact⁉️
👉Wednesday
🔹CPI Inflation – 09:30 ARG
—This data has the potential to define the projections of how many cuts the FED plans to make this year (to be published on June 18).
—It is expected that the monthly CPI remains at 0.2% and the annual will rise from 2.3% to 2.5%
—A drop in this data could lead to an interest rate cut.
👉Thursday
🔹Unemployment claims – 09:30 ARG
🔹PPI Inflation (Producer Price Index) – 09:30 ARG
—Both data points are also extremely important. More unemployment and less inflation would lead the FED to cut the interest rate.
—It is expected that the monthly PPI INFLATION rises from -0.5% to 0.2% and that unemployment claims decrease from 247K to 241K