In the wake of today’s Consumer Price Index (CPI) data release at 8:30 am EST (12:30 pm GMT), the Bitcoin and crypto market is poised on the edge of its seat. With traditional markets and central banks closely monitoring the inflation metrics, the ripple effects on the digital asset market could be profound.
Wall Street is bracing for the July CPI data, with expectations that both the headline and core indices will rise by 0.2% from June. This would adjust the 12-month core CPI to 4.7% from June’s 4.8%, while the headline index (YoY) is predicted to ascend to 3.3% from June’s 3.0%.
Thomas Lee from Fundstrat Global Advisors took to Twitter, stating, “July CPI going to be revelatory.” He further elaborated on the potential outcomes: “If >0.3% mom = bad. If <0.2% mom = good.”
Remarkably, inflation is expected by most experts to pick up again in the coming months. According to the Cleveland Fed’s forecasts, the headline CPI inflation YoY is set to experience a steady
We współpracy z: https://bitcoinist.com/cpi-bitcoin-crypto-see-unexpected-boost/
