Crypto currency Investors focused on future US data this week, and the last major important data of the month came. Inflation data, which is extremely critical for the Fed meeting to be held at the end of the month, shaped the FED’s decision. Trump wants interest rates to be reduced rapidly. Is this possible according to the incoming data?
US PPI data and crypto currencies
PCE The PPI data, which is extremely locking for, is a data that investors closely follow. crypto currency It came as the investors wanted. The expectation for the annual producer price index was 2.5 %and 2.6 %had come to 2.6 %in the previous month. However, now the data described is 2.3 %. So the PPI did not increase in the monthly. The core PPI was announced 2.6 %compared to the expectation of 2.7 %and the previous month’s 3 %.
BTC does not move in accordance with the data that is good for now, but this will be the reason if the rise begins later. The decline of PPI, which feeds the inflation for Fed’s interest rate cuts, is quite positive. This data, which shows that tariffs have not had a serious consequence in terms of the cost of producer since April, will soon make Trump share from the style of “Stupid, Pislik Powell at work.
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.
