US CPI Inflation & PPI Data In Focus; Will It Impact BTC & Altcoins Rally?

Quick Summary:

The financial market has gone through a topsy-turvy scenario lately, with soaring macroeconomic concerns weighing on the investors’ sentiment.

Notably, recent economic indicators like the US Job data and Fed officials’ hawkish remarks have fueled concerns among traders.

Notably, it appears that the central might stick to its tightened monetary policy and the market may have to wait till June for the first Fed rate cut this year.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: US CPI Fed rate cut US Inflation Altcoins Bitcoin 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 02:30:59 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 606 words

Reading Time: 4 minutes read

Sentences: 47 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25074953

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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