The markets that closely follow the impact of the tariffs follow the pioneering data. Just announced Michigan The indices reveal both consumer confidence and expectations for inflation. Since there are pioneering data and the numbers are not finalized yet, the numbers described according to expectations have been quite deviated. So are the data in favor of crypto coins?
Crypto coins and US data
The incoming data is not in favor of crypto currencies. Despite the expectation of 62 consumer confidence, it was 58 and the previously announced 61.7. In addition, the 5 -year inflation expectation leaned from 3.4 %to 3.9 %. The leap in the expectation of long -term inflation is also Your crypto coins against it. Inflation expectation for the 1 -year period was announced as 3.9 %, and the expectation here was 3.4 %.
Consumer trust In August, he declined about 5 %and declined for the first time after four months. This deterioration is fed from the uneasiness triggered by the increasing concerns about inflation and tariffs. The purchasing conditions of durable consumer goods fell by 14 %due to high prices and reached the bottom of the last 12 months. Despite the slight recovery in income expectation, there is an increase in concerns about the purchase power. According to the report, consumers are more concerned about inflation and unemployment in the future.
In the light of all these data Crypto Coins It’s hard to talk about a good economic picture for. The Fed can reduce interest rates, but the question of how to balance the increasing pessimism of inflation continues to be in the heads.
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.
