š Biggest Crypto Event This Week š
š 12th Aug ā US CPI & Core CPI data release!
š CPI forecast: 2.8% (slightly ā from last month)
š September rate cut chance: 91% after recent unemployment data.
ā If CPI < forecast ā Rate cut almost confirmed ā ā Risk assets (incl. crypto) can pump hard š„š
ā If CPI > forecast ā Rate cut chances drop ā ā Crypto prices likely dip š
š” Given rising unemployment, CPI might come lower than expected ā Good news for markets & crypto bulls šš