Jerome Powell

Hope

Wednesday

April

As we enter an important week where critical data for Bitcoin and altcoins will be announced, US CPI and PPI data will be announced this week.
Apart from these data, the statements of FED President Jerome Powell and many FED members will also be followed in crypto money and global markets.
While the predictions in the market are for the Consumer Price Index (CPI) to remain strong in April; Inflation remained stubbornly above the Fed's 2% annual target in the first half of this year, even as higher interest rates dragged it down.
FED officials generally state that it is too early to reduce interest rates and that inflation is still well above the 2% target.
At this point, while expectations for the FED's interest rate cut have decreased since the beginning of 2024, a leading commentary platform, The Kobeissi Letter, stated in its latest assessment that the general expectation is that the CPI will remain high and said, “If the CPI rises again this week, this will indicate the third consecutive monthly increase.” ” said.
The Kobeissi Letter also included the thoughts of the CEOs of leading US companies about the possibility of a rate cut by the FED.
Stating that according to the April Conference Board CEO Confidence survey, the majority of US CEOs expect the FED to cut interest rates only once this year, Kobeissi said, “31% of the 136 CEOs who participated in the survey said they do not expect any interest rate cuts this year; % “26 of them said they expected only two interest rate cuts,” he said.
<blockquote>
 “38% of famous CEOs expect only one interest rate cut in 2024, while markets are pricing in only 2 interest rate cuts this year, the first of which will be in September.
 “The markets dropped from the expectation of 6 interest rate cuts in 2024 to the expectation of 1 or at most 2 interest rate cuts in just 4 months.”
</blockquote>
Finally, according to CME FEDWatch, the probability of the FED reducing interest rates in September is priced at 49.6 percent, while the inflation data to be announced on Tuesday and Wednesday this week is expected to have an impact on asset prices such as BTC.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 What do US companies CEOs think about the Fed's next moves?
 The majority of US CEOs expect the Fed to cut rates just once this year, according to the April Conference Board CEO Confidence survey.
 Out of 136 CEOs surveyed, 31% said they do not expect any rate cuts this year… <a href="https://t.co/zCQRXBwAMT" rel="noopener noreferrer nofollow">pic.twitter.com/zCQRXBwAMT</a>
 — The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1789818624020246861?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 13, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/this-weeks-agenda-in-bitcoin-and-altcoins-us-inflation-data-while-inflation-remains-strong-famous-us-ceos-lost-hope-on-the-fed/" rel="noopener noreferrer nofollow">This Week's Agenda in Bitcoin and Altcoins: US Inflation Data! While Inflation Remains Strong, Famous US CEOs Lost Hope on the FED!</a>

This Week's Agenda in Bitcoin and Altcoins: US Inflation Data! While Inflation Remains Strong, Famous US CEOs Lost Hope on the FED!

Bitcoin Sistemi EN

Other articles published on May 13, 2024

What is Merit Circle Coin?

Cryptocurrency dogwifhat's Price Increased More Than 3% Within 24 hours

Is Bitcoin A 90% Surge Incoming? Analyst Sees Bottom As Inflation Data In Focus

Is It Too Late To Buy TON? Toncoin Price Is Top gainer On Crypto Bubbles After 20% Pump Amid Cati...

Tether CEO fires back on Ripple’s Garlinghouse USDT comment

Crypto Wallet Integrates Pay-Per-Use Access to Premium AIs

Join our free newsletter for daily crypto updates!