Today, eyes again focused on the data from the USA. This week, the most important agenda item in the data coming from the USA. inflation data forming.
The high inflation that swept the world yesterday is affecting the daily lives of many people closely. While the USA is struggling with the highest inflation figures of the last 40 years, the policies of the FED will determine whether the inflation is permanent or temporary. For this reason, markets can react more to inflation data.
What Time Will It Be Announced? What are the Expectations?
Today, at 16.30 CEST, US January inflation data will be released. The expectation is for annual inflation to rise to 7.3 percent, with a monthly increase of 0.5 percent.
In December, annual inflation was announced as 7%. If January inflation is announced as 7.3%, this will be the highest inflation figure since 1982.
The FED, which said that inflation was temporary in its meetings at the beginning of 2021, abandoned this statement towards the end of the year and started to display a more hawkish stance.
The rise of inflation far beyond the expectations caused the FED to decrease its asset purchases and to enter the interest rate hike process quickly. While the Fed’s interest rate hike in March is considered certain, future economic indicators may affect the rate of increase in this process.
Experts as before and after US inflation data in bitcoin Expects volatility to increase.