Post
Gulrukh khan
November 10 $ETH Market Update
Rising rate hike expectations, waiting for CPI to set the direction
Recent New York Fed survey shows one-year inflation expectations at 3.9%, higher than the expected 3.78%. Coupled with Fed officials continuously emphasizing inflation risks, market concerns about a December rate hike have resurfaced.
The US October CPI will be released tonight at 21:30, and this data is very important.
Looking at ETH, it dropped to a low of 2051 yesterday, rebounded near 2150,
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$66,935.4-0.03%
ETH/USDTEthereum
$1,896.78-0.02%
SOL/USDTSolana
$75.62-0.05%
Today’s market buzz
1#NVIDIA contacts Arm CEO Haas, internally predicting new CEO candidate
2#US October PPI year-on-year 6.5% below expectations
3#Anthropic launches IPO roadshow, valuation rebounds to $1.8 trillion
