Analyst: If CPI data is also weaker than expected, the probability of a 50 basis point rate cut by the Federal Reserve will increase.
According to ChainCatcher, citing Golden Ten Data, analyst Adam Button stated that the Consumer Price Index (CPI) report will be released tomorrow, which could be a strong signal indicating that the data may come in below expectations. U.S. stock index futures have already risen as a result.
If the CPI result is lower than expected, especially if it is significantly below expectations, the likelihood of the Federal Reserve cutting interest rates by 50 basis points will increase. The month-on-month decline in the Producer Price Index (PPI), excluding food and energy, has reached its largest drop in the past 10 years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Matrixport: Bitcoin experiences a corrective rebound, but this does not indicate the start of a bull market
Michael Saylor: Will Destroy Private Keys Worth Over 17,000 BTC
Capital B increases its holdings by 5 bitcoins, bringing the total to 2,823 bitcoins
French-listed company Capital B announces acquisition of 5 BTC, bringing total holdings to 2,823 BTC
