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US economic data's "roller coaster" intensifies market fluctuations, the cryptocurrency market faces a key test next week!
Recent US economic data has been like a roller coaster ride, with July's CPI (Consumer Price Index) and PPI (Producer Price Index) sending completely different signals, causing market expectations for the Federal Reserve's interest rate cut in September to swing dramatically like a pendulum. This confusing situation undoubtedly lays the groundwork for significant volatility in the cryptocurrency market next week, and investors must fasten their seatbelts and prepare for the challenges ahead!
The "contradictory symphony" of economic data
Last week's released data painted a complex economic picture:
PPI surges to a three-year high: The Producer Price Index for July soared 0.9% month-on-month, far exceeding expectations, indicating that cost pressures on the production side remain significant, and the source of inflation has not yet completely calmed down.
Service inflation is remarkably resilient: Prices for rigid service expenditures, represented by housing rents and healthcare, continue to remain firm, becoming a stubborn support for inflation, with significant downward resistance for these prices.
