With global markets Crypto Money MarketToday, Consumer Price Index (CPI), which is critical inflation data in the US today, was eagerly awaited. As a matter of fact, the US inflation data for March have been recently announced. The CPI data described may increase the mobility in the markets as the FED has the power to influence monetary policies.
Inflation data in the USA remained below expectations
Regarding March in the USA CÜL CPI The data was expected to decrease to 2.5 percent on an annual basis. Data was announced as 2.4 percent, under expectations. On a monthly basis, the headline CPI was expected to increase by 0.1 percent. The data was announced as -0.1 percent.
That food and energy items are excluded core CPI The data was announced as 2.8 percent (expectation 3.0) on an annual basis and 0.1 percent (expectation 0.3 percent) on a monthly basis.
In the US labor market in the USA, there is a parallel increase in expectations because Applications for Unemployment Rights The data was announced as 223 thousand. The data was expected to come as 223 thousand. This increase is positive for markets because the USA labor marketIt gives signals of a gradual slowdown.
According to experts, this latest inflation data and labor market data may increase the pressure on the Fed’s interest policy and lead to interest in interest rate cuts.
Deflation in China, inflation in Japan
On the other hand ChineseCPI data for March was below expectations with -0.4 percent on an annual basis. Expectation was to increase inflation -0.2 percent. The decline in producer prices was more striking; PPI DATA It fell to -2.5 percent. Expectations were to arrive as -2.3 percent of the data. The data in China shows that domestic demand is still very weak and the deflationist printing on the industrial side continues. Limited increases were observed in indicators such as credit growth and M2 money supply. This indicates that the Chinese Central Bank maintains its strict stance in monetary policy.
JapanIn March, the PPI data exceeded 4.2 percent of 3.9 percent expectations. Bank loans were below the expectation of 3.1 percent at a level of 2.8 percent on an annual basis.
Mobility is expected to increase in Bitcoin and Altcoins
Analyst and Market commentator MartypartyIn line with the expected data flow before the announcement of the data, the inflation data from Japan, China and the United States from Japan, China and the United States would cause high volatility in the markets. As Martyparty points out, mobility in the markets is expected to increase after the data announced.
At this point, it is necessary to remind you that the crypto money market has already been quite mobility since yesterday. US President Donald Trump’s customs duties brought to many countries except China after the 90 -day interim decision, which started after the expectations US data of inflation In addition, the increase in mobility will not be a surprise. In addition, weak economic data from China can bring new incentive moves to the table by the country’s monetary policy side, and in the short and medium term, global liquidity is in favor of Bitcoins and Altcoins.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
