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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-analysts-monitor-inflation-data-impacting-economic-trends/" data-wpel-link="internal">Market Analysts Monitor Inflation Data Impacting Economic Trends</a> 
While the influence of Trump’s support remains significant, macroeconomic developments play a crucial role. For a sustained increase in the <a href="https://en.coin-turk.com/justin-sun-proposes-to-buy-germanys-btc-to-stabilize-the-market/" data-wpel-link="internal">cryptocurrency</a> markets, the Federal Reserve and other central banks need to continue their monetary easing. The Fed is expected to implement a total reduction of 100 basis points this year, but unexpected inflation could alter the current outlook. 
<h2 style="text-align: justify" id="us-inflation-data">US Inflation Data</h2> 
Recent statements from Fed members indicated that a surprising rise in inflation could lead to a pause in interest rate cuts. This highlights the importance of today’s inflation data. The Fed is expected to announce a 25 basis point reduction in its December decision approximately 35 days from now. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-406360 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/18-aralik-faiz-tahmini.png" alt="" width="792" height="345"> 
However, for further rate cuts, a surprising increase in inflation is essential. Today’s inflation expectation was set at 2.6%, compared to the previous month’s 2.4%. The core inflation expectation remains consistent with last month’s figure of 3.3%. 
The recently released inflation data aligned with expectations. Consequently, Bitcoin ‘s price is once again testing the $89,000 mark. At the time of writing, the price was above $88,600. The weak annual increase of the data, which many feared would be disappointing, has been a positive revelation. Altcoins may experience further growth in the coming hours, and Bitcoin’s price could continue to rise depending on the performance of US stocks. 
The post <a href="https://en.coin-turk.com/market-analysts-monitor-inflation-data-impacting-economic-trends/" data-wpel-link="internal">Market Analysts Monitor Inflation Data Impacting Economic Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Market Analysts Monitor Inflation Data Impacting Economic Trends

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