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Olivia Rose
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With $BTC holding near $74,000 into the print, a cooler CPI reading could ease some of the recent selling pressure. #USCPIAboveExpectations #StrategyBuybacksInFocus
爱干饭的一米
Tonight at 21:30, the US October CPI will be released, let's talk a bit
Currently, the market expects the overall CPI to rise 0.3% month-over-month, and the core CPI to rise 0.2%, both cooling down compared to September
However, there is a special situation this time: last year's government shutdown caused the October data to be missing, so the usual year-over-year inflation rate will not be published tonight, and the market's attention will focus more on the month-over-month data
Personally, I am cautious about tonight's data: the market is still betting on a Fed rate hike in December, and the inflation slowdown is already somewhat anticipated. Even if the core CPI meets the 0.2% forecast, it will likely be difficult to directly reverse the weakness of risk assets
Currently, $BTC is still struggling around $74,000, and gold has also fallen back to around $4,090
I am more focused on the market reaction after the data release, especially changes in US Treasury yields; if the data is positive but BTC still can't rise, that would be quite a warning
Let's not rush to conclusions tonight, let's see how the market chooses
#美国10月CPI今晚公布，加息预期能否改变？
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