📊 US inflation data tomorrow and the market is waiting
The $BTC has been moving in a range of 63K – 75K for the past two months amidst uncertainty and extreme caution gripping the markets.
Eyes are now on the Consumer Price Index (CPI) data for February. Expectations point to 0.3% monthly compared to 0.2% in January, while annual inflation is expected to be at 2.4%.
📌 The most important thing for traders is the monthly acceleration of inflation as it may change expectations for Federal policy.
Currently, the markets are pricing in a 97% chance of no change in interest rates at this month's upcoming meeting and expect that tightening policy will continue further.
⚠️ But the scenario the market fears is stagflation:
High inflation + economic slowdown, which is a scenario that could pressure crypto.
Follow me and I will keep you updated on the latest news and events moment by moment.