Maker

Core

Jerome Powell

The US inflation data, which cryptocurrency investors have been eagerly waiting for, has finally been announced.
<ul>
 <li>US Core Consumer Price Index (CPI) Monthly data was announced as 0.3%. (Expectation: 0.3%)</li>
 <li>US Consumer Price Index (CPI) Annual data was announced as 3.1%. (Expectation: 3.1%)</li>
</ul>
Consumer price index data will be examined for evidence that the disinflation trend is continuing, a day before the final planned Fed decision of 2023. While the Fed is expected to keep rates steady, most markets are focusing on whether Chairman Jerome Powell will try to soften policy easing expectations after investors' aggressive dovish repricing.
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HSBC Global Private Banking and Wealth Switzerland and EMEA region chief investment officer Georgios Leontaris said the following in his comments before the data was announced:
<blockquote>
 “Central banks this week will certainly reaffirm the message that they are sticking to the data and that they need further confirmation that inflation and core inflation will slow further.
 It is becoming increasingly difficult to convince markets and central banks know this, so they will try to maintain the data dependence mode going forward.
 If inflation occurs today in line with market expectations and you annualize the last six months, we can talk about a core inflation below 3%.
 “This will indicate that peak inflation pressures are behind us.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-highly-anticipated-us-cpi-data-has-been-released-here-is-bitcoins-reaction/" rel="noopener noreferrer nofollow">BREAKING: Highly Anticipated US CPI Data Has Been Released! Here is Bitcoin’s Reaction</a>

BREAKING: Highly Anticipated US CPI Data Has Been Released! Here is Bitcoin’s Reaction

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