🛑
🛑Very Important Data coming After 5 hours
🛑CPI data is due today.
what is effects?
CPI data has direct affects on FEDs interest Rates decision.
Higher than expected can result in decline in Crypto and stocks Market.
lower than expected will be a Big jump for Market and We can expect Interest rates cuts in next week.
conclusion:
we can expect higher than expectation which can lead us to downside. i am not very optimistic in rate cuts because FEDs Powell still believe economy is good and no rate cuts needed.
