#CPI&JoblessClaimsWatch
It is a term used to track two important economic indicators: the Consumer Price Index (CPI) and weekly Jobless Claims, both of which are among the most important data that affect market movements, especially in the cryptocurrency and stock markets.
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1. What is CPI? (Consumer Price Index)
It is a measure that shows the inflation rate by tracking the change in prices of goods and services consumed by people daily.
High CPI = High inflation = Likelihood of interest rate hikes by the central bank.
Low CPI = Low inflation = Likelihood of holding or lowering interest rates.
Impact on the market:
A high CPI often leads to a decline in stock and cryptocurrency markets due to tightening monetary policy.
A decrease may push the market up due to easing policies.
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2. What are Jobless Claims?
It is the number of people who have filed new claims for unemployment benefits during a week.
High claims = Potential economic slowdown.
Low claims = Strong labor market.
Impact on the market:
A sudden increase in claims may weaken confidence in the economy and put pressure on the market.
A decline may give a positive boost to the markets.
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Tip:
Always follow the economic data calendar, especially on the days of CPI and Jobless Claims reports, as they are pivotal moments in market movements.