Meaning there’s still likelihood that there will be a rate cuts, and automatically, rate cuts mostly spike the values of cryptocurrencies.
Binance News
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U.S. Inflation Data Anticipated to Influence Federal Reserve's December Decisions
According to PANews, investors are closely monitoring the upcoming release of the United States' September Consumer Price Index (CPI) on Friday evening. The overall CPI is expected to rise by 0.4% from the previous month, while the core CPI is anticipated to increase by 0.3%. Despite the ongoing government shutdown, now in its fourth week, the U.S. Bureau of Labor Statistics has confirmed that the inflation report will be published. This data is crucial for the Social Security Administration to determine the 2026 annual cost-of-living adjustments for millions of retirees and other beneficiaries.
Analysts believe that the CPI figures are unlikely to disrupt the Federal Reserve's plan to cut interest rates by 25 basis points next week. However, the data may provide insights into potential actions at the Federal Reserve's December meeting. Traders have largely priced in the expected rate cut next week and another reduction in December. Julien Lafargue, Chief Market Strategist at Barclays Private Bank, stated that only a significantly higher-than-expected CPI would alter the market's expectation of further rate cuts by the Federal Reserve.
I'm happy I sold my usual coins already though it made me lose abt $50k. The reason I'm happy is, I just opened my wallet and realized usual leads the losses. I could've lost $100k
Roosevelt Magwire iR9s
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$USUAL are still hold guys, or you sell. I m with minus 8k what to do? I m scary that tomoroe i will be minud 10k lost all money, to 0.
$USUAL buy now from here and hold 10 days best time to buy {spot}(USUALUSDT) Usual token has been making headlines lately. Its price has seen a significant surge, currently trading at $0.5286, with an 8.68% increase over the past 24 hours ¹.
One major development is the upcoming activation of the token fee switch, scheduled for January 7, 2025. This move is expected to introduce a new revenue-sharing model, providing token holders with a share of the protocol's transaction fees ².
The activation of the fee switch could mark a turning point for Usual, potentially enhancing token utility and attracting more participants to the platform. This development is particularly significant, given the token's recent decline in market performance ².
For the latest updates on Usual token, I recommend checking out reputable crypto news sources, such as CoinGecko or Binance ³ ⁴.
#Crypto plummeting Fellow traders do not be perturbed by the southward movement of the crypto market as this is as a result of the Iran-Israel war impending. It's important to know that the crypto market will rise whether the war continues or stops. References can be made from the Russia-Ukraine war and the covid era. Enjoy your trades.#write2earn🌐💹
#Bitcoin Halving !!! Fellow investors it's time to remind ourselves the all awaited $BTC Halving is almost ready, Let's encourage ourselves and accumulate more coins since this halving will be very pivotal in making crypto investors extremely wealthy.