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CPI data released, ETH breaks new highs again 📈📈
The specific data doesn't need to be looked at to know that this CPI is bullish.
Because I have repeatedly said that this year the Federal Reserve will lower interest rates at least once between September and November.
So this CPI in August, regardless of how the data looks, is the last CPI before the rate cut. If the data is not ideal, it won't affect the Federal Reserve's decision to cut rates.
If the data is ideal, like today's set of data, then it will amplify the bullish effect of the rate cut.
The specific data doesn't need to be looked at to know that this CPI is bullish.
Because I have repeatedly said that this year the Federal Reserve will lower interest rates at least once between September and November.
So this CPI in August, regardless of how the data looks, is the last CPI before the rate cut. If the data is not ideal, it won't affect the Federal Reserve's decision to cut rates.
If the data is ideal, like today's set of data, then it will amplify the bullish effect of the rate cut.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
4,487.04
+4.41%
