🚨There may be a decline today at #altcoinler 🚨
The results of the CPI and FOMC meetings will have a great impact on the markets. The expectation of an interest rate cut may create positive pricing.
Important Hours;
CPI data at 15:30 (🚨 First signal)
FOMC interest rate decision will be announced at 21:00-30.
In previous FOMC meetings, cryptocurrencies such as Bitcoin and Ethereum have typically fallen and then risen. In these meetings, CPI data and FOMC interest rate decisions significantly affect the crypto markets. In particular, the expectation of interest rate cuts may have a positive impact on the markets.
While the real CPI rate was 3.5% in April, it was predicted to be 3.4%. In March, the actual figure was 3.2%, while 3.1% was expected.
👉So, what are your expectations for today?
Expectations are that we will see the following data points:
CPI Y/Y: 3.4% expected
CPI A/M: 0.1% expected
Core CPI Y/Y: 3.5% expected
Core CPI A/M: 0.3% expected
If the data comes out exactly as expected or some data points are lower than expected (which is positive for the markets), the markets will see a rapid positive price reaction.🚀
In other words, according to the results of the CPI and FOMC meetings to be held today, an upward pricing can be expected in altcoins. However, one should be careful against sudden price movements and avoid leveraged transactions.
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