Markets will follow US inflation data today. The inflation data to be announced at 16.30 TSI is expected to increase the volatility in the markets.
Last month, annual inflation data was announced as 6.8%. With the data to be announced today, it is evaluated that annual inflation may reach 7.1%.
Inflation is expected to be 0.4% in December and 7% annually, according to a Bloomberg survey.
It is evaluated that the supply problems caused by the Omicron variant may increase the pressure of inflation in the first quarter of the year.
The data coming today will be important for the next move of the FED, which is struggling with the highest inflation data of the last 30-40 years. Inflation data, which will be much higher than expected, may increase the risk of the FED making an early move. In his speech yesterday, the FED chairman gave the message that we are ready to use any means to suppress inflation.
Bitcoin Volatility May Increase
On the Bitcoin side, inflation data will also be followed. In Bitcoin, whose correlation with the US stock markets has increased considerably in recent days, we can see sharp upward and downward movements after the inflation data. At this point, it would be healthy for investors using high leverage to review their risks.
Last month, inflation data was announced on 10 December. Up and down price movements in the same day can be seen more clearly on the chart.
*Not Investment Advice.