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- Gate.io Suggested Topics Posting Event: #CPI Data Drops#
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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
Event Time: April 11, 6:00 AM - April 12, 6:00 AM UTC
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Good morning 🌸
BTC rejected at 63,386.
*Regulation will be presented to the parliament as today's important developments in Turkey.
*The US producer price index will be announced at 15:30 Turkish time.
*Federal Reserve Chairman Powell will give a speech at 17:00 Turkish time.
Frankly, I do not expect hawkish statements and interest rate cuts from Powell. If hawkish statements do not come, I think we can start looking at the graph we were looking at with tears with joy 😝