The U.S. CPI data for June has just been released on time:
Month-on-month: 0.3% (in line with expectations)
Year-on-year: 2.7% (in line with expectations)
No surprises, and no shocks. It's a standard 'shoe dropping'.
Moderate, but not enough to reassure the Federal Reserve
Let's break it down:
The CPI year-on-year is 2.7%, up from 2.4% in May, indicating that prices are rising slightly faster, but not alarmingly so.
Core inflation still shows resilience, which keeps the Federal Reserve cautious; whether to cut rates in September remains uncertain.
In summary: inflation hasn't exploded, but it hasn't softened to mush either.
Impact on the crypto market: generally neutral and cautious
The most loved word in the crypto community is 'easing', and the most dreaded word is 'wait-and-see'.
The recent data did not ignite bullish enthusiasm, but it also did not crush market sentiment. Bitcoin is still consolidating in a range, with bulls and bears in a tug-of-war.
The positive aspect is: the data did not fall short of expectations, and hopes for the Federal Reserve's 'cautious rate cuts' remain.
The negative aspect is: signs of rising inflation are becoming apparent, and the market's confidence in a September rate cut may not hold.
In the short term, BTC is still oscillating in a critical area, and the market is in a 'chip exchange' phase. However, real market movements often occur when most people let their guard down; if you want to catch the signal first, remember to pay attention and don't get lost.
#CPI数据来袭
