This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
๐ Biggest Crypto Event This Week ๐
๐ 12th Aug โ US CPI & Core CPI data release!
๐ CPI forecast: 2.8% (slightly โ from last month)
๐ September rate cut chance: 91% after recent unemployment data.
โ If CPI < forecast โ Rate cut almost confirmed โ โ Risk assets (incl. crypto) can pump hard ๐ฅ๐
โ If CPI > forecast โ Rate cut chances drop โ โ Crypto prices likely dip ๐
๐ก Given rising unemployment, CPI might come lower than expected โ Good news for markets & crypto bulls ๐๐#ETH Breaks $4700 #CPI Data Coming #Show My Alpha Points