- This week is marked by crucial economic events, including the release of the U.S. consumer price inflation report.
- The U.S. CPI inflation data for November is to be released on December 12, with projections hinting at a potential 0.1% drop in the consumer price index.
- The Federal Open Market Committee (FOMC) is anticipated to keep interest rates at 5.25–5.50%.
This week, cryptocurrency investors should gear up for a week of potential turbulence, with key economic events on the horizon. The spotlight is on December 12’s release of the U.S. consumer price inflation report, set to release at 8:30 a.m. EST for November. Expectations from the Cleveland Fed reveal a flat month to month rate.
Following this, Wednesday marks the Federal Reserve’s final meeting of the year, where market consensus leans towards maintaining the current monetary stance. On December 13, there will be Fed chair Jerome Powell’s press conference alongside PPI inflation data and details about FOMC rate hikes.
This week’s U.S. CPI inflation data is of particular significance, with growing anticipation among investors for a potential rate cut from the Federal Reserve. Projections suggest…
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