Tonight at 20:30, the US CPI data will be released! Are you ready for a big market fluctuation?
Everyone knows that the global economy is a bit chaotic right now, and tonight's CPI data is crucial! The Federal Reserve's 'voice' Nick Timiraos has also hinted that the core CPI could soar to 3.1%, far exceeding market expectations, instantly sparking discussions.
Possible market reactions are:
1️⃣ CPI higher than expected: That would mean increased inflation pressure, and the expectations for interest rate hikes might rise! 💥 Funds could flow into low-risk assets, and crypto funds might flow out, leading to a potential drop in coin prices.
2️⃣ CPI lower than expected: If inflation pressure eases, then expectations for interest rate cuts might rise! 💸 Abundant funds could lead to a recovery in risk appetite, potentially bringing funds into the crypto market, and coin prices may have a chance to rise.
Tonight's data is like a 'market needle' that could determine the market direction for a while to come!
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What do you think? Are you ready for tonight's fluctuations?
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