📈🔍 The upcoming week, starting Monday May 13th, is poised to be pivotal for the US economy and cryptocurrency markets alike. Here's why you should be paying attention:
📊 Inflation data, particularly the CPI (Consumer Price Index), will be released on Wednesday 15th at 2:30pm Italian time. Projections suggest persistent inflation, potentially exceeding the Fed's 2% target.
🔍 Expectations:
CPI YoY: +3.4%
CPI MoM: +0.4%
Core CPI YoY (excl. food & energy): +3.8%
Core CPI MoM: +0.3%
💡 While high inflation may seem concerning, anything below 5% could buoy market sentiment.
💰 Keep in mind: Inflation plays a crucial role in Fed policy decisions. Interest rates could be swayed by these figures.
📈 Brace for market tension and stay tuned as investors track inflation's impact on short-term trends, including in the cryptocurrency realm. #InflationData #Cryptocurrency #Bitcoin
Comments