Jump into the 99Bitcoin\u2019s CPI Crypto projection, with the US CPI tomorrow; Trump\u2019s crypto bull run is facing its first test after Bitcoin rejected $90,000.<\/p>\n
This is an important macroeconomic moment; as it stands, this is the economy that Trump\u2019s MAGA administration will inherit:<\/p>\n
Inflation \u2013 2.1%<\/span> Say what you will about Sleepy Joe Biden, but he was starting to turn the ship around on the economic mess that he started.<\/p>\n Joe Biden\u2019s worst metric is the cumulative inflation from when he took office until now. Yet, the point stands: he isn\u2019t handing off a burning house to Donald Trump.<\/p>\n So, where will the CPI data play into all of this?<\/p>\n Forecasters are expecting a 2.5% YoY CPI tomorrow, a small up tick from the previous 2.4% reading pic.twitter.com\/58eXM2vlYy<\/a><\/p>\n \u2014 Satoshi Flipper (@SatoshiFlipper) November 12, 2024<\/a><\/p>\n\n As the financial sector braces for the US October CPI release, the focus is on what steady core inflation might mean. Bank of America\u2019s economists predict a stable 3.3% year-over-year core inflation, eyeing various elements that could push it up.<\/p>\n According to Bank of America, \u201cWe see pro-growth fiscal policy, tariffs, and tighter immigration as potential sources of upside inflation risk over the coming years if they are implemented.\u201d<\/p>\n (forexlive<\/a>)<\/p>\n Inflation could disrupt the Fed\u2019s easing path. A surge in inflation could halt or reverse the Fed\u2019s rate cuts. Chair Powell\u2019s been on watch, insisting on a broad view of inflation trends.<\/p>\n Meanwhile, the Dow and S&P 500 are taking a slight hit as investors juggle the looming threat of inflation against the backdrop of recent economic wins. Tesla, which has been on a roll, is showing cracks with a 2% dip, underscoring the market\u2019s twitchiness over inflation rumors.<\/p>\n Bitcoin has stabilized at $86,000 and seems to be waiting for the CPI numbers.<\/p>\n DON\u2019T MISS: These Altcoin Buys Could Be Game Changing For Your Bull Run Returns<\/a><\/strong><\/p>\n Beyond the CPI, the economic landscape is a mixed bag. Q3 saw strong US GDP growth, and booming auto sales hint at a consumer base hungry for more. But this strength runs headlong into persistent inflation, throwing the Fed\u2019s future rate maneuvers into question.<\/p>\n US October’s #CPI<\/a> Numbers are almost here! <\/p>\n CPI (YoY): Core CPI (YoY): After last month’s surprising CPI numbers, the market is now expecting inflation to hold steady.<\/p>\n As a result, hopes for a\u2026 pic.twitter.com\/RFvzRShCO3<\/a><\/p>\n \u2014 ULTRADE (@ULTRADE_org) November 11, 2024<\/a><\/p>\n\n West Texas Intermediate futures are swirling around $68.65 per barrel, embodying the market\u2019s volatility. The tangled relationship between energy costs and inflation is a crucial puzzle for policymakers and investors, each shift echoing through economic corridors.<\/p>\n Industrial production mirrors this activity and is expected to dip, highlighting the hurdles manufacturers face.<\/p>\n DISCOVER: Viral Meme Coin ICOs Set To Rock the November Market<\/a><\/strong><\/p>\n Crypto markets are on edge, waiting for the CPI numbers, Fed Chair Powell\u2019s remarks regarding those figures, and other events that will likely pause the upward march for today. Conversely, with the Fed\u2019s recent 25 bps rate cuts aimed at cooling inflation\u2014down since June 2022\u2014the stage is set for crypto to potentially surge, thanks to their inverse connection.<\/p>\n The potential for upward pressure due to a Trump victory and positive economic signals remains high. The hype is real,<\/a> and the upcoming CPI data will provide key insights into the US economy and future monetary policy.<\/p>\n EXPLORE:\u00a0Justin Drake From The Ethereum Foundation Proposes New \u2018Beam Chain\u2019 Upgrade: Ethereum 3.0 Inbound?<\/a> Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n The post US CPI Tomorrow: What To Expect Amid Crazed Bitcoin Rally?<\/a> appeared first on <\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Jump into the 99Bitcoin\u2019s CPI Crypto projection, with the US CPI tomorrow; Trump\u2019s crypto bull run is facing its first test after Bitcoin rejected $90,000. This is an important macroeconomic moment; as it stands, this is the economy that Trump\u2019s MAGA administration will inherit: Inflation \u2013 2.1% Unemployment \u2013 4% GDP grew 3% US Manufacturing […]<\/p>\n","protected":false},"author":0,"featured_media":19917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19916"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19916"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19917"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nUnemployment \u2013 4%<\/span>
\nGDP grew 3%<\/span>
\nUS Manufacturing is getting better<\/a><\/span><\/p>\nStable Core Inflation: What to Expect This Week in Crypto Market<\/h2>\n
How is US Economy Performing According to Other Broader Economic Indicators?<\/h2>\n
\u2022 Previous: 2.4%
\u2022 Expected: 2.4%<\/p>\n
\u2022 Previous: 3.3%
\u2022 Expected: 3.3%<\/p>\nLooking Ahead For Bitcoin & Tech<\/h3>\n
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