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 <p>Meanwhile, core inflation, which excludes volatile food and energy, is expected to ease to 4.3% from 4.7%. This <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> release is key data that will determine whether the U.S. Federal Reserve opts for further monetary policy tightening or a pause. The Fed hiked rates by another 25 bps last month to further curb inflation.</p>  
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 <p>Wall Street forecasts <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> to come in line with market consensus. JPMorgan estimates a chance of <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> coming in at 3.6% influencing markets to pick slight upside momentum amid core inflation falling.</p> 
 <p>Goldman Sachs, Bloomberg, Morgan Stanley, RBC, and Wells Fargo also expect <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> to come in at 3.6%. Whereas, Visa and CIBC predict <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> at 3.5%. However, Barclays, Nomura, Citi, and HSBC are expecting <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> to rise to 3.7% for August.</p> 
 <p>Analysts believe the U.S. Federal Reserve is likely done with rate hikes as the jobs market cools and the unemployment rate climbed last month. The CME FedWatch Tool shows&nbsp;a 93% probability of announcing a pause at the next FOMC meeting on September 20. Wall Street analysts also believe a possible rate hike at the end of the year. Meanwhile, the US dollar index (DXY) still remains higher above 104.50, risking BTC price to continue under pressure.</p>  
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 <p>US stock futures trading flat on Wednesday as investors look ahead to a key US inflation report that could influence the trajectory of Federal Reserve monetary policy.</p> 
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> Turns Bullish Mid-Week, Will Gains To $28k Sustain</strong></p> 
 <h2 id="how-bitcoin-and-altcoins-will-react-after-cpi">How Bitcoin and Altcoins Will React After CPI?</h2>  
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 <p><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">A higher-than-expected <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> report is bearish for </span><span class="r-18u37iz">crypto</span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">, while a lower-than-expected reading should be taken as bullish. Consider core <a rel="noopener noreferrer nofollow" title="CPI" href="https://thebittimes.com/tag/cpi.html">CPI</a> data for the month is crucial amid an increase in oil prices.</span></p> 
 <p>BTC price is showing volatility before the CPI data, with the price currently trading at $25,962. The 24-hour low and high are $25744 and $26451, respectively. BitMEX co-founder Arthur Hayes said the U.S. Federal Reserve deciding to cut interest rates will make Bitcoin quickly rally towards $70,000.</p> 
 <p>Meanwhile,&nbsp;ETH price jumped 1% in the last 24 hours. The price trades at $1591, with a 24-hour high of $1619. However, trading volume has decreased by 32% in the last 24 hours.</p> 
 <p>XRP price fell below support and currently trades at $0.47, up 1% in the last 24 hours.</p> 
 <p><strong>Also Read: Ripple President Makes Big Statement On Ripple Vs US SEC Lawsuit</strong></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/wall-street-estimates-on-us-cpi-inflation-bitcoin-to-rebound-tbt62538.html">https://thebittimes.com/wall-street-estimates-on-us-cpi-inflation-bitcoin-to-rebound-tbt62538.html</a></p>

Wall Street Estimates On US CPI Inflation, Bitcoin To Rebound?

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