Today, it is home to two major developments. First Trump He announced minutes ago. The second is just announced US inflation was a data. Crypto currency investors now want to see the days when the rise continued, and the Altcoins were crushed as they were crushed. So what does inflation say to us? Will crypto coins fall?
Will crypto coins fall?
The US inflation was based on 9 %with monetary expansion after pandemia, and the FED was relieved by aggressive interest rate hikes. The Fed inflation, which has been maintaining strict monetary policy for years, is trying to restore the inflation at 2 %. The headline inflation was largely successful in April and fell to 2.3 %in April, and the core inflation was 2.88 %in the last month’s data.
However, in the best scenario, inflation is expected to increase with a global 10 %customs tariff. Today, Trump announced that they agreed with China and announced that trade with a total tax of 65 %will be traded with a total of 65 %to 10 %. Of course, this will affect the prices of goods and services. Therefore, it will also draw inflation up and the decline in fuel prices may compensate for a few of it. Goldman expects nuclear inflation to increase by 0.35 %for the next few months. Based on 2 %base PCE It will be announced on June 27th.
The data described today is as follows;
- US inflation announced: 2.4 %(Expectation: 2.4 %Previous: 2.3 %)
- Core Inflation Described: 2.8 %(Expectation: 2.9 %Previous: 2.8 %)
Inflation will rise but not now. Unlike the expectation of core inflation, it did not increase compared to the previous month. If steps that can limit the effect of tariffs can be taken, the Fed may be paved for interest cuts. At the end of the month, it is possible for July to start more beautifully for crypto currencies with the low PCE data.
BTC 110 thousand dollars on the limit.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
