Tonight at 20:30, the US CPI data will be released. Are you ready?
Previously, "Federal Reserve mouthpiece" Nick Timiraos's prediction that core CPI may rise to 3.1% was significantly higher than the market's general expectations, and this view has attracted widespread attention.
Impact of the data on the cryptocurrency market:
1. If CPI exceeds expectations, inflation pressure will be high, expectations for Federal Reserve interest rate hikes will increase, funds will tend to flow into low-risk assets, leading to outflows from the cryptocurrency market and potential declines in cryptocurrency prices.
2. If CPI is below expectations, inflation pressure will ease, the likelihood of interest rate hikes will decrease, market liquidity will be ample, investors' risk appetite will rise, and the cryptocurrency market may attract inflows, pushing cryptocurrency prices up.
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