Bitcoin Rises Before Inflation Data! What Time Will It Be Announced? Expectations What?

global markets and bitcoin It’s an important week for us.

Although the interest of crypto investors is focused on the news on Binance, data will come from the US side today and tomorrow that can be decisive for the direction of the markets.

As you know, inflation data is one of the most basic indicators that shape the Fed’s monetary policy.

Inflation remains high, while the FED continues to tighten its monetary policy to reach its 2% inflation target.

Today at 16.30 CEST, the US Consumer Price Index will be released.

The expectations for November inflation are as follows:

Consumer Price Index (YoY): Expected 7.3% – Previous 7.7%

Consumer Price Index (MoM): Expected 0.3% – Previous 0.4%

Core Consumer Price Index (YoY): Expected 6.1% – Previous 6.3%

Core Consumer Price Index (MoM): Expected 0.3% – Previous 0.3%

Tomorrow, the FED’s final interest rate decision will be announced in 2022. Before this important interest rate decision, the eyes of the markets will be on the inflation data.

If there is no surprise in today’s inflation data, it is expected that a 50 basis point rate hike decision will be made at the meeting tomorrow.

The FED’s signal to slow down the rate of increase in interest rates in the last meetings was received positively. In order for this expectation to continue, we will have to see that the decline in inflation continues.

Last week, producer inflation in the USA came in above expectations. If today’s consumer inflation exceeds expectations, we can observe an increase in sales in risky assets. A below-expected data may allow us to see a sharp move above $18,000 in Bitcoin.

Before today’s inflation data bitcoin 17400$ Ethereum It is traded at $1280.