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🇪🇺 Consumer Price Index (CPI) Announced.
Announced: 2.6%
Expected: 2.5%
Previous: 2.5%
#Inflation came in higher than expected. This means the European Central Bank may not rush to cut (ECB) interest rates. Slightly negative for risky assets (including crypto).
🇺🇸 Unemployment Benefit Claims Announced
Announced: 209K
Expected: 213K
Previous: 219K
The labor market is strong. This also weakens the Fed’s likelihood of cutting #interest rates. Again, this is negative for crypto.