CPI day is here — what next for BTC?
Macro data prints for the week center on the Consumer Price Index due June 13 — just a day before the Federal Reserve announces interest rate changes.The Fed is expected to enact a pause in interest rate hikes, something which would follow a full ten consecutive hikes and mark a long-awaited turning point in policy.
While a potentia boon for risk assets, including crypto, not everyone was upbeat about the impact of a rates freeze. "The Fed will likely still sound hawkish but the more important question is if they will hold rates where they are if inflation falls further," analytics account The Long View, market odds of a freeze stood at around 75% at the time of writing.
"I think they will as they are highly attuned to the fact that if they start to cut like past cycles they will be helping to reignite rate sensitive sectors effectively undermining the work they have done."This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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