Consumer Price Index (CPI) and Producer Price Index data to be announced in the US in the coming days may have a decisive effect on crypto currency markets. The recent slowdown in the labor market has increased the expectation of investors’ interest rate reduction from the FED. Bitcoin $96,845.3The fact that the short time exceeded $ 100,000 for a short time showed the effect of these positive expectations.
USA CPI and PPI data are carefully monitored
The US economic data shape market participants’ expectations of the FED for interest policies. In particular, consumer price index (CPI) data is expected to show a slight decrease. Analysts say that the fact that the Basic CPI remains fixed can prepare the FED for a softer policy.
The possibility that PPI data shows a similar trend can enable investors to take more risks. However, uncertainty may prevail in the markets if the data comes above expectations. Crypto currency investors act cautiously considering that these data may directly affect crypto currency prices.
This week, the FED President’s statement to the Congress is closely monitored. The president’s evaluations on economic appearance and financial stability may give clues about the FED’s future interest rates. Investors are preparing to take new positions in line with these statements.
FED’s explanations and market expectations
The slowdown in the labor market and the possible changes in economic data raised the possibility of the Fed to change direction in monetary policies. While expectations for interest rates are rising, Fed’s stance on this issue is of great importance for investors.
This uncertainty environment in the market may cause crypto currency prices to fluctuate. If the economic data is announced in line with expectations, the market may follow a quiet course. However, unexpected results can re -activate markets.
The speeches of the FED officials and the economic data seem to re -determine the market’s risk and opportunity balance. In this process, investors continue to closely follow all the developments that may affect the market.
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.
