Whereas this week has been every week of important developments for Bitcoin (BTC) and cryptocurrencies, US inflation knowledge will likely be introduced as we speak.
This knowledge will even be adopted intently by Bitcoin traders. As a result of CPI knowledge coming in at or under expectations will enhance the potential for the FED making its first rate of interest minimize in September. A doable rate of interest minimize will additional assist the rise in BTC and crypto costs.
In response to Investing knowledge, whereas the earlier CPI knowledge was 3.3%, the expectation is 3.1%. This case indicators that inflation will lower.
So, what are the June CPI expectations of Wall Avenue giants?
June CPI Inflation Expectations:
“1. TD Securities: 3.0% 2. Barclays: 3.1% 3. Citigroup: 3.1% 4. Factset Consensus: 3.1% 5. Kalshi: 3.1% 6. UBS: 3%, 1 7. Financial institution of America 3.2% 8. Goldman Sachs: 3.2% 9. Morgan Stanley 3.2%
If CPI knowledge is as anticipated (3.1%), inflation could have fallen to its lowest stage since January 2024.
A CPI knowledge under 3.0% will likely be seen once more after roughly 3 years. As a result of the CPI final fell under 3.0% in March 2021. In different phrases, inflation has been above 3.0% for 38 months with out interruption.
US inflation knowledge for June will likely be introduced as we speak at 15:30.
*This isn’t funding recommendation.