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8/14/2024 6:00:00 PM

Positive CPI Data Increases Likelihood of FED Rate Cut and Bitcoin Price Rise

Positive CPI Data Increases Likelihood of FED Rate Cut and Bitcoin Price Rise

According to @CryptoMichNL, the latest CPI data is positive and slightly lower than expected. This development increases the likelihood of a rate cut by the Federal Reserve, which in turn raises the possibility of quantitative easing (QE) and upward price action for Bitcoin.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast