With potentially good CPI and Core CPI figures being released later today, will Bitcoin and the crypto market lift further?
CPI figures better than expected?
Market feeling appears to be that Core CPI, which includes food and energy, universally recognised as the most important inflation indicator, might only increase 0.2% month on month for August, with a significant number of analysts predicting that inflation could surprise to the downside.
Should inflation data figures be published that reflect what is expected then the Federal Reserve is likely to want to keep interest rates as they are at the next policy-making committee meeting on September 19/20.
Such a move would be very much welcomed by markets, and particularly by the crypto market, which has been more under duress given that it is widely considered to be a risk-asset market.
Bitcoin up ahead of the news
Perhaps with all this in mind, cryptocurrencies are generally up across the board. Bitcoin is consolidating its move upwar
We współpracy z: https://cryptodaily.co.uk/2023/09/bitcoin-bounce-on-potentially-good-inflation-data
